🚀 Crypto market: "Bottom" for BTC and memecoin TRUMP
📉Bitcoin: "Bottom" signals and July prospects
➖Metrics for 2022: On-chain indicators for BTC have approached the 2022 lows, signaling a bottom cycle. The share of supply in profit during the decline fell to 51.9%, which historically corresponds to the capitulation phase
➖Miners under pressure: Hashrate and the difficulty of mining have been falling for 234 days already — the steepest decline in history, caused by the fact that mining profitability exceeds the market price
➖Forecast: Analysts expect a short-term rebound in July to $70,000, although serious pressure is created by high Fed rates and capital outflows from ETFs ($9 billion since mid-May)
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💸Meme coins: A lesson worth $3.8 billion
About 989,000 investors in the TRUMP meme coin found themselves in losses after the price crashed 97% from its all-time high.
Donald Trump himself made $636 million on the project from a revenue of fees that were collected regardless of the exchange rate.
Similarly, 85% of WLFI token holders (the World Liberty Financial project) are also moving into the «minuses»
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Seasonality: July often becomes a month of recovery after weak May and June
Crypto vs AI: Cryptocurrencies are currently actively competing for capital with the AI sector and chipmakers, where investors’ money is flowing
Strategy: In times of uncertainty, it’s worth looking at projects that generate real income (for example, from fees) and buy back and burn their own tokens to support the price
#analysis #BTC