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Bitcoin long-term holder supply now 5.2 times greater, Joao Wedson notes
Joao Wedson highlights that Bitcoin is currently exhibiting one of the clearest signs of long-term investor conviction. According to Wedson, the supply held by long-term holders is now 5.2 times greater than that held by short-term holders. He also points out that the short-term holder supply has dropped to its lowest level since 2016. tweet Wedson previously noted that Bitcoin traders could face as much as $1.4 billion in liquidations if the price drops to $53,500. In a separate outlook, he suggested that Bitcoin’s price bottom may arrive before the launch of GTA 6. Both assessments come as traders weigh signals ... (full story)
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Iran's Islamic Revolutionary Guard Corps (IRGC) Navy announced that the Strait of Hormuz will be "temporarily closed until further notice," and no ship will be allowed to sail through the waterway, blaming the United States for violating the memorandum of understanding (MoU). The Strait will remain blocked until the US "ceases its interference in [the] region," the navy said in a statement. "Should the aggressor, exploiting this incident (which it itself caused), commit any further transgressions, we shall respond forcefully, and additional enemy bases in the region will be targeted," the IRGC Navy warned, adding that the blame for such an escalation would fall on the US, Israel, and "countries that have placed their territories" at their disposal. IRGC fired a missile at a commercial cargo ship that tried to pass through the strait of Hormuz, U.S. official says. Ship was hit and suffered damages
From parameter.io | 45 min ago
Bitcoin continues to demonstrate resilience around the $63,800 level despite mounting geopolitical risks stemming from intensifying Middle Eastern conflict. The United States executed its third consecutive wave of military strikes against Iranian installations this week, prompting Tehran to announce the closure of the Strait of Hormuz “indefinitely.” ...
*US SAYS HORMUZ IS OPEN TO ALL VESSELS SEEKING SAFE TRANSIT The Strait of Hormuz is open to all vessels seeking to lawfully transit the international waterway. U.S. forces are positioned and prepared to ensure that freedom of navigation remains available despite unwarranted Iranian aggression, harassment, threats, and arbitrary… pic.twitter.com/FS3TUBOZEj
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- Jul 12, 3:31pm | 1 hr 52 min ago Posted byFundamental Analysis32
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