Fish Kent❤ Memecoin
62 posts

Fish Kent❤ Memecoin
@FishKent2
Courage is being afraid but going on anyhow

Ethereum has reclaimed $3,000 but faces significant resistance around $3,200. Approximately 2M addresses that traded $ETH at this level are now at a loss, potentially ready to sell as they break even. Bullish news can prevent this—could the Ethereum ETF be the catalyst for further gains?

Mt. Gox is preparing to distribute #Bitcoin to creditors. A large-scale outflow indicates that retail investors haven't received any yet. @cryptoquant_com will confirm via on-chain data when it happens. Unlike the German govt selling, Mt. Gox creditors aren't forced to sell, so it's not purely sell-side liquidity. @krugermacro estimated a maximum 10% price drop, even with an insta-dump. I believe this distribution won't end the bullish trend, as the coins are expected to react to market sentiment similarly to the existing Bitcoin supply.




















