Supply will increase in first days of July from:
1/ ETH from Grayscale will start selling at ETF trading day 1.
2/ Mt Gox is about to release Bitcoin to customers.
It's expected for final hard capitulation before up-only.
44444|2222
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ETF narrative has been faded.
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Summer continues boring mode in a box.
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ETF news came continuously but price has not changed much.
Sell In News effect.
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US regulators could approve spot ether ETFs for launch by July 4, sources say - RTRS
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#WIF bounced 35% from local support
Now It's on resistance again.
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#BTC down 10% from legendary MA128 so far 📉
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Being the biggest winner in bullrun
Also being the biggest loser in bearrun
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20 days in a grinding wedge
Decision next week #BTC
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A reason that BTC is not going bigly is ETH ETF hype is warming up next week.
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#LINK Text book H&S pattern.
Breakdown => 40% move.
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while whole market is dying
Things related to Ethereum are still holding
Interesting !!!
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Ethereum is showing strength against BTC on threshold ETF in 10 days.
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