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Dima 🎩🐹

@chevapchevapovic

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Bitcoin price could be on the cusp of a strong bullish breakout, potentially reaching $143,000 after forming a cup-and-handle pattern, as market participants anticipate a supply squeeze. Bitcoin was trading at $109,860 on Tuesday, up nearly 10% from its lowest point this month and 50% above its April low. Santiment data indicates that Bitcoin could face a supply squeeze as demand rises. The supply of Bitcoin on exchanges has dropped to 1.18 million, its lowest level since December 2017. This supply peaked at 3.25 million in March 2020 and has been in freefall since. The decline has accelerated this year, with supply at 1.53 million on January 1. The price is now close to completing the handle portion of this pattern, signaling potential for further upside. The pattern has a depth of 31%, and projecting that from the cup’s upper side yields a target of $143,360.
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Three months after one of the largest crypto thefts on record, blockchain data shows that almost half of the $1.4 billion stolen from Bybit has gone dark. Data from cryptocurrency exchange Bybit reveals $644 million in stolen funds — nearly half of the exchange’s massive $1.4 billion theft — has vanished from public tracking after being processed through mixing services. Approximately $693 million (or 49.5%) remains traceable, while exchanges and authorities have frozen $63 million (4.5%), the data shows. The stolen funds were systematically laundered through several mixing services. The largest portion — $247.5 million (around 966 BTC) — was laundered through Wasabi Wallet, while another $94.1 million laundered via eXch, a mixing service that publicly claimed to shut down in April but remains operational. Smaller amounts moved through Tornado Cash ($2.5 million in ETH) and Railgun ($1.7 million in ETH).
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