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Bitcoin investors piling into long positions was the “fuel” for the “cascading long squeeze,” says Bitcoin analyst @woonomic.
QCP: BTC spot ETF inflows also continue to recover with $73m of nett inflows last Fri, which is the highest daily inflow in 2 weeks. Looking at seasonality, BTC has a median return of 9.6% in July and tends to bounce back strongly especially after a negative June (-9.85%). Our options desk also saw flows positioning for an upside move last Friday into the month-end, possibly in anticipation of the ETH spot ETF launch. Many signs point to a bullish July. t.me/QCPbroadcast/1…
I just minted THE GOODLUMS on @mintdotfun
⚡️Hamster News | June 21⚡️ Hey Hamsters! Here’s what we have for you: the first-ever Solana ETF, an Ethereum ETF ad that you can own and 1 billion pounds illegal crypto exchange — all of that and even more in today’s episode of Hamster News. 🖇 Solana ETF coming soon? 3iQ files for approval •Bitwise launches Ethereum ad campaign • Financial giant AllianceBernstein predicts Bitcoin at $1 million, here’s when • Bank of America: younger wealthy investors prefer crypto over traditional investments • Two arrested over 'running illegal £1bn cryptocurrency exchange' in London 🚀 Watch every video closely to get clues that you can use later https://x.com/hamster_kombat/status/1804243268542034012?s=46