Someone just bought $600 million worth of Bitcoin from Bitflyer

Mt. Gox conducted several small transfer tests at 12:21 UTC+8 today, including 0.0001 BTC transferred to Bitbank hot wallet; 0.0001862 BTC transferred to unmarked address: 1JdFfR…qg849e; 0.0001 BTC transferred to unmarked address: bc1qkj…2ug68h. — source

Mt. Gox moves $2.7B in Bitcoin to new wallet address

One of Mt. Gox’s cold wallets just transferred more than 47,000 BTC to an unknown wallet address amid a plan to begin repaying its creditors.

Biggest liquidation event since the FTX collapse

Germany dumping is bullish actually

*MT GOX BEGINS REPAYMENTS — Source

Link is showing 404 now for some reason

Some of the worst performers among the new 2024 coins.

% down since ATH:

$AEVO: -90%
$MODE: -89.5%
$STRK: -89%
$SAGA: -87.5%
$DYM: -87.5%
$W: -85%
$PIXEL: -83%
$ALT: -82.5%
$MANTA: -81%
$ZETA: -79%
$RENZO: -79%
$ETHFI: -78%
$ENA: -76%

250,000,000 #USDC (249,867,500 USD) minted at USDC Treasury — Source

Bitcoin's all time longest winning streak has just ended. 427 days without a 25% drawdown. Beat the 2012 record by 63 days. Pretty incredible run we've had and well overdue for a correction.

Sentiment is at panic and anger while this cycle is going like previous ones.

OVER $500M WORTH OF CRYPTO LONGS HAVE BEEN LIQUIDATED IN THE PAST 24 HOURS

BlackRock when everyone is selling BTC

While you are scared, someone just bought $184 million worth of Bitcoin from Coinbase.

Govt Bitcoin selling is overestimated.

$224B has flowed into this market since 2023. Government-seized BTC contributes about $9B to the realized cap.

It's only 4% of the total cumulative realized value since 2023. Don't let govt selling FUD ruin your trades. — Ki Young Ju

Founder Jeff Bezos just sold $333 million worth of $AMZN shares.

Few Bitcoin traders understand this:
If you want to long BTC with leverage. DON'T buy futures, buy spot BTC with margin.

EXPLAINER
(1) Buying futures can be fulfilled by any counter trader who has USD collateral, together you are minting new synthetic BTC to the supply which creates a bearish environment.

(2) When buying spot with margin (borrowed USD), only BTC holders can sell it to you. This creates a supply shortage and a very bullish environment.

BONUS
In a bull market it's much cheaper to fund a long position with borrowed USD or USDT than with calendar futures or perps.

— Source

There are $12B in Bitcoin shorts that are waiting to be liquidated.

German Govt figures out they can print Euros but not $BTC. In a shocking reversal - German Govt Buys Back Bitcoin — link

1) What