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Azuki Elementals

@azuki88

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3 reasons why Bitcoin price struggles to reclaim $64K. 1. Bleeding spot Bitcoin ETFs weigh on BTC price Investors’ risk-off sentiment is evident across the spot Bitcoin ETFs, where investors have been withdrawing their capital for days. On June 19, spot Bitcoin ETFs in the U.S. recorded outflows for the fifth consecutive day, bringing the total withdrawals for the week to $900 million. This is the highest outflow activity since late April. 2.Falling network activity backs Bitcoin’s downside Another reason why Bitcoin’s price continues to scale downward could be reduced demand due to declining network activity. 3.Bitcoin’s price loses key support levels From a technical perspective, Bitcoin’s price decline today is part of a broader correction that started after it was rejected from the $72,000 resistance level on June 7. During this drawdown, BTC has lost key support levels, including the 50- and 10-day exponential moving averages (EMAs), which are currently at $66,724 and $66,594, respectively.
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Solana's eco-meme coin WATER raised approximately $41 million in a pre-sale event early this morning. It is known that the Meme WATER token presale started at 23:00 on June 21, Beijing time, and 200,000 SOL (about 26 million USD) was raised within 1 minute and 300,000 SOL (about 40 million USD) was raised. ) has been mobilized. raised within 5 minutes. According to the amount in the wallet: - Shrimp (0-20 SOL): More than 23,000 wallets, contributing 24.6% of total funds - Whales (180 SOL+): 553 wallets, contributing 34.58% of total funds Today, the Meme coin project officially announced that control may have been hacked. Users should carefully check the account information provided. The price of Meme tokens fluctuates greatly and has no real value. Users must exercise caution when participating.
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