Once the Mt. Gox wallets start distributing Bitcoin, we'll likely get a short scare in the market. People will think, okay now it's really happening. Some coins will get sent to exchanges. Some coins will be sent to unknown wallets. Some coins will be idle. What the real impact will be is something we'll only figure out as time goes on. Most selling that will occur will happen at the beginning and will slowly fade out over time. Similar as to how the GBTC outflows have went. After the initial week or two, people will stop talking about it every day and we'll just be on to our regular day to day things within the market. These Mt. Gox coins have been something that has caused FUD for years and has always been a fear of many. So although it's not nice short term, getting this massive supply overhang out of the way sets the market up nicely in the long run.
Pigster Crypto Strategie Prestaties
Pigster Crypto Strategie Prestaties
Over deze Strategie
Over deze Strategie
In Pigster Crypto verenigen we vertrouwde activa BTC, ETH, en SOL met dynamische sectoren zoals DeFi, AI, Layer 2, en de gaming sector.Wat onderscheidt ons van andere strategieën?We hebben een duidelijk vooraf gedefinieerde BTC prijs-gebaseerde winstnemingen strategie en zullen stap voor stap de markten verlaten totdat we volledig buiten de cryptomarkten staan. We geven om het geld van onze kopieerders en zullen proberen je investering naar winst te begeleiden.Volg onze feed voor meer inzicht in onze strategie.
Prestatie
Prestatie
Structuur
Structuur
Structuurwijzigingen
Structuurwijzigingen
Berichten
Divided in all quarters this cycle.
Two things are clear so far:
- Most returns were made in either Q1 or Q4.
- Q2 & Q3 have been choppy.
Bitcoin's performance in June has historically been very mixed. The average return in June is -0.56%.
This also makes it $BTC's second-worst month right after September.
Looking ahead, July is usually the best month of the Summer for Bitcoin.
If take into account that S1 ones are probably getting approved on June 2nd, and the bullish new about SOL fillings, we could expect a very bullish July. Of course Mt. Gox and Grayscale sell offs are still in the cards and will happen.
August is okay but mixed.
Yesterday, the market endured the selling equivalent of the estimated net selling that would come out of the entirety of the Mt. Gox Bitcoin distributions.
To give you an image of how much net delta was sold yesterday across futures and spot between major exchanges on BTC alone we sold more than 57,000 BTC or $3.4 billion.
Largest sell-off since March 2023.
Bitcoin range held where it needed to. Yesterday was the largest net selling day in Bitcoin since March 2023. RSI levels also hit levels not seen in a year.
The crypto market not looking too good at the moment.
But just remember. We are in a bull run, this is a test, a test of your mind. Don't get shaken off. Survive this and you'll turn out victorious in the end.
The bigger the dump, the bigger the pump they say 👀🚀
