đ $BTC MAY HAVE FOUND ITS BOTTOM AS BEAR PRESSURE EVAPORATES đą
Galaxy Research flags that the bear market may have closed in June, with $BTC snapping a 44âweek streak below the 50âweek moving average and now holding above it for ten straight sessions. đ The swing in longâholder sell pressure is stark â monthly outflows have shrunk from 67kâŻBTC in 2024 to just 34k today.
That excess supply is being mopped up by ETFs and publicâcompany treasuries, leaving roughly 1.11âŻMâŻBTC in the marketâs hands. đ If $BTC can stay above the $76,540 barrier for a month, the downside thesis weakens fast. ⥠đŹ Do you see this as the start of a fresh bull run or a brief rally before the next test? đ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #BTC #Bullish #LongSetup #Crypto
đ„ đ
Galaxy Research flags that the bear market may have closed in June, with $BTC snapping a 44âweek streak below the 50âweek moving average and now holding above it for ten straight sessions. đ The swing in longâholder sell pressure is stark â monthly outflows have shrunk from 67kâŻBTC in 2024 to just 34k today.
That excess supply is being mopped up by ETFs and publicâcompany treasuries, leaving roughly 1.11âŻMâŻBTC in the marketâs hands. đ If $BTC can stay above the $76,540 barrier for a month, the downside thesis weakens fast. ⥠đŹ Do you see this as the start of a fresh bull run or a brief rally before the next test? đ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #BTC #Bullish #LongSetup #Crypto
đ„ đ
