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Anonymous 🌖 Profile picture
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25 Jun, 7 tweets, 4 min read
Morning update:

While Bitcoin is slowly climbing up from the lows seen 2 days ago, the news coming out is mind-blowing🤯

Yesterday, Wall Street giant Citigroup officially launched a new business unit dedicated to the cryptocurrency and blockchain space!

theblockcrypto.com/post/109526/ci…
President of El Salvador, Nayib Bukele has announced that each registered citizen will receive $30 in free Bitcoin to their registered wallet! 🔥 #BTC

U.S. company Athena intends to supply El Salvador’s new crypto-based economy with 1500 Bitcoin ATMs🚀 #BTC

cointelegraph.com/news/athena-co…
Andreessen Horowitz — the prominent venture capital fund led by Ben Horowitz and Marc Andreessen announced a $2.2 billion fund which makes it the largest in the history🤑 #BTC

theblockcrypto.com/post/109408/a1…
@NYDIG_BTC has partnered with digital bank Q2 to enable over 18 million of the bank's US account holders to buy, sell, and hold bitcoin.

Q2 powers nearly 30% of the top 100 banks in the US👀 #BTC

markets.businessinsider.com/currencies/new…
South American nation Paraguay is on track to make Bitcoin a legal tender following the announcement of the proposal of a bill to support the move. The bill proposal was affirmed by a member of parliament Carlitos Rejala! 🔥

coingape.com/breaking-parag…
And some people still think we are in a bear market😂 I think the real party is just about to start🔥

P.S. The on-chain data looks extremely bullish as well... will post some charts tomorrow😉 #BTC

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More from @crypto_mystery

Anonymous 🌖 Profile picture
27 Jun
Morning update:

Not much has changed in terms of the on-chain data.. Whales keep accumulating while the crowd thinks we are in a bear market😂

According to text data from more than 1000 social channels, we can see that sentiment is back in overwhelmingly bearish territory👀 Image
Since the crowd tends to be wrong most of the time, this is usually a very bullish sign. As you can see from the chart, we usually bounced in this area! #BTC
Bearish bias can be further confirmed by looking at the funding rates. The funding rate is a fee paid by one side of the perpetual contract to the other. When it’s positive, it indicates a prevailing bullish bias among derivative traders, since BTC longs are paying BTC shorts.
Read 7 tweets
Anonymous 🌖 Profile picture
26 Jun
Morning update:

Looking at the on-chain data, we can see that the supply of #BTC on known exchange addresses is still in a downtrend which is a great sign 🤟 Image
In fact, we have lately seen multiple large withdrawals from major exchanges which further confirm the thesis about strong accumulation taking place👀 #BTC
While some market participants keep accumulating, others aren’t too convinced in this rally. Looking at the funding rates, we can see that there are still more shorts than longs. In my opinion, this is a good sign as the crowd tend to be wrong most of the time😂 #BTC Image
Read 9 tweets
Anonymous 🌖 Profile picture
23 Apr
Morning update:

Another day, another drop… The selloff started after Biden proposed the bill to tax capital gains as high as 43.4% (not passed yet)😱
In addition, $1.55 worth of #BTC futures contracts expire today and this could be another reason for a sharp decline. We have seen the same scenario play out in the past months so nothing new this time around.
Bitcoin reserve on known exchange addresses has seen a rise as the crowd started panic selling their coins. That being said, the inflow mean was very low so it is safe to say that those were retail investors and not large institutions ✅
Read 12 tweets
Anonymous 🌖 Profile picture
22 Apr
Morning update:

In the past 24 hours, not much has changed. #Bitcoin continues its sideways movement while the on-chain indicators, as well as the news surrounding the crypto space, continue to show us promising signs🤟
Bitcoin reserve on known exchange addresses slightly increased. There were mainly small deposits from retail investors so nothing to worry about✅ #Bitcoin
Miners continue to accumulate at those levels as their outflows keep hovering below the yearly mean ✅ #Bitcoin
Read 14 tweets
Anonymous 🌖 Profile picture
21 Apr
Morning update:

#Bitcoin continues to move sideways as most market participants are not really sure about the future price action and fear that we will see another drop🤔
With the on-chain data, it is hard to predict any short term price swings but what I can say for sure is that things look extremely bullish for the long term🚀 #Bitcoin
Yesterday, Venmo announced that more than 70 million customers can now buy, hold and sell crypto directly from their app🙏This places more pressure on Apple, Google, & Facebook to integrate bitcoin/crypto into their mobile applications! Bullish🚀

prnewswire.com/news-releases/…
Read 16 tweets
Anonymous 🌖 Profile picture
20 Apr
Morning update:

After bouncing nicely from the Sunday lows, we saw another drop below $54k😱 while it may be painful to watch this volatility, this is an important part of a bull cycle as it cools down an overheated market. #Bitcoin
While the on-chain indicators were not really in the alarming territory before the drop, it is safe to say that we are currently in a much healthy place🤞 #Bitcoin
The (over)reaction to the dump can be observed by looking at the social mentions, which surged by +107% compared to the day prior, reaching its highest margin since the February price top😱 This points to growing fears and short-term panic on crypto social media 👀 #Bitcoin Image
Read 15 tweets

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