WARNING HOLDERS: THEY ARE DUMPING BILLIONS! NEXT BITCOIN MOVE REVEALED…

WARNING HOLDERS: THEY ARE DUMPING BILLIONS! NEXT BITCOIN MOVE REVEALED…

the next major Bitcoin move is going to be explosive and a lot of people are sitting on the edge of their seats right now wondering which direction that is going to be is going to be towards the upside or towards the downside today guys I am going to talk about what I see happening in the market I’m going to talk about who is actually dumping a lot of Bitcoin at this very moment we’re having hundreds of millions of dollars worth of bitcoin being dumped by Massive whales but also we have different whales accumulating Bitcoin I’m going to talk about the next major move and everything you need to know about if you’re holding any crypto at all welcome back everybody my name is Chris bringing new crypto videos every day teaching you how to make money in this market if you are new to the channel then make sure to subscribe and activate the Bell right now so kicking it off on the 4H hourly time frame you can see that after going down and almost reaching The Orange Box we had a big bounce towards the upside we didn’t reach the resistance level all the way up here instead before we went there the Bears took control and they have now pushed us down so in general guys what I see Happening Here is consolidation in between these two orange boxes for a little while before we see that next decisive move however one thing I need to point out also is that on the daily time frame we still have this uh 200 day moving average this green line right here which is further consolidating and strengthening this support level down here so it’s going to take a lot for us to break down below The Orange Box and and the green line here guys so be aware of that and in general after some sideways action I do think the move is going to be towards the upside so I think that like for the rest of the summer we’re going to go we’re going to have some small pump some some swings towards the upside to the downside however in general we’re going to go sideways for the rest of the summer and then maybe in August and um yeah maybe beginning of August we’re going to see Bitcoin slowly start to grind upwards and then we’re going to have explosive moves probably towards the end of the year so that is in general what I see happening in terms of price action and time frames but look at this guys on the daily time frame we did have this downward sloping Channel we broke down from it as you know there was a situation where we would either have to break down from this one or be supported by The Orange Box so obviously what happened is that The Orange Box did not support us instead we saw a drop below this and we saw a decent pullback but now we are once again inside of this downward sloping channel so this is on the daily time frame so let’s keep our eyes on this because this seems to continue to provide support here so I’m going to update you on that one as well for ethereum we finally did see a drop down to the $3,264 level and for ethereum we do have some more news in regards to the uh ethereum ETF that is coming up as well so yeah I’m going to continue to update you on that but I do think that ethereum at these price points is not a bad idea to actually accumulate so that is what I am doing personally as well now for traditional markets we’re going sideways we have been going sideways for a week already so uh that is that for traditional markets and I do think that eventually because the traditional markets have gone up while Bitcoin has been going down and I do think that Bitcoin is eventually going to catch up with those gains now let’s talk about why you saw such a big drop for Bitcoin well we had of course Mount goau announcing that they are going to start to distribute Bitcoin and it’s fear in the market right now that the people that are receiving the Bitcoin are going to dump it into the market but not only that yesterday you had the US government dump uh I think they they sold about $250 Million worth of bitcoin so the US government are dumping Bitcoin on our faces you can see that they sent almost 4 ,000 Bitcoin right here to coinbase Prime so coinbase Prime is the um OTC division of coinbase so yes they’re selling however it’s not they’re not Market selling at this very moment it’s not like they sent 4,000 Bitcoin and just dumped it into the order book that is not what happened instead coinbase Prime are going to either if they have an OTC buyer they will you know connect it that way or they will slowly over time uh sell it into the market so either way yes it does add selling pressure or or at the very least it takes away buying pressure because buyers who would normally buy from the market could buy those Bitcoin OTC so that is one thing to keep your eyes on as well and also Germany have a lot of Bitcoin and they continued yesterday they sent another 345 Bitcoin um to sell so German government US government and potentially Mount go are well these two are dumping right now Mount Go’s potentially going to dump but even though we saw that this is not even such a big amount so what you saw you’ve seen bigger sell inflows into coinbase Prime in the past so they sold 4,000 Bitcoin however they’ve handled batches of 2 to 49,000 Bitcoin in sell liquidity previously and the Bitcoin price has still been doing pretty well so I would not say that you should be too scared of what’s going on here with us government selling because what Bitcoin has proven is that despite all of this we still have Bitcoin holding some key levels we still have Bitcoin not in a freef fall so uh I do think that Bitcoin is very very strong right now and there’s a lot of people the lower we go if we come down to this Orange Box or any point lower there’s so many people lined up so many institutions lined up to buy Bitcoin at those levels so I wouldn’t worry too much about it in terms of liquidations as well where are we going to potentially see the next major move well when you’re going to see a uh short squeeze you can see on the top side here so the short squeeze it’s quite some price action off so we have to reach about yeah 61,500 in order to have those um big short squeezes and then you have another level here at $62,000 62,500 give or take so if bitcoin price goes up to those points then the short uh positions are going to get liquidated and we’re going to have a pop towards the upside now towards the downside it is a little bit more stacked you can see that from 60,500 all the way down to 6,240 you do have a lot of Longs here which could get liquidated if the price goes down to this point so those are the key levels you need to watch in terms of liquidations also tomorrow you do have 2 point I think it’s 2.7 yeah 2.7 billion doar worth of options expiring to tomorrow so be prepared for big volatility tomorrow guys you also have a quadruple witching which is it only happens four times a year and it is when uh it is expirations of index Futures index options options and Futures so they all expire simultaneously which typically leads into more volatility as well so in general guys tomorrow and especially keep your eyes on the liquidations here especially tomorrow you could see some big volatility especially as we are also Al going to see some key data which is the core PC price index month over month you have the personal income month over month and personal spending all being released tomorrow so this is also going to affect the markets which we need to be prepared for in terms of the spot ethereum ETFs writers posted a link yesterday that they expect it to launch potentially as soon as July 4th so some sources are claiming that so I think that this is going to spark something nice I think that this is going to be one of the key things to spark the upwards Trend again okay so I’m not going to say it’s going to happen immediately I do think that for the rest of the let’s say for the rest of June and July you’re going to see mostly sideways action however this is slowly going to have a bigger effect as time goes on and it’s going to spark the Catapult towards the upside okay that is what I believe is going to happen and guys despite the market the nut inflow to bitcoin’s largest wallets reached its highest level since May so even though the US are dumping on it even though Germany are dumping on us Wales are accumulating Bitcoin in a very fast manner here in fact also what I wanted to show you is that the usdc net inflows into centralized exchanges hit a one-year High yesterday of $224 million and this was actually two days ago so when we saw the big drop well there was a lot of whales willing to buy the dip here so that is all good you have Fiat and you have stable coins lined up to accumulate on these dips also Gary Gensler has said that or is it his mom Gensler mom well I don’t think it is his mom but yeah Gensler says that the um yeah everything is going smoothly in regards to the launch of the spot ethereum ETFs okay so everything is still going according to plan you have the fear and greed index also being at its lowest point since September of 2023 and when we hit this level in September 2023 you saw a big rally for Bitcoin as well so people are really really fearful right now so that means that um yeah we could be in for some pumps because remember the market is usually wrong and also a reminder that lingo we only uh a couple of hours away from the pre-sale is happening today on Thursday so if you want to get some lingo tokens you know that I think that this project is going to do pretty well so if you want to get some lingo tokens you have the opportunity it’s starting today on Thursday so uh yeah just uh be aware of that but apart from that guys thank you so much for watching this video and I will see you guys in the next one

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