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Investing
Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms
“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out.

Ethereum Products See Highest Outflows Since 2022 Ahead of Ether ETFs
The ETH products recorded $60 million in net outflows each week, the most since August 2022.

Bitcoin Traders Position for ‘Bullish July’ as BTC ETFs Record $124M Inflows
Bitcoin has a median return of 9.6% in July and tends to bounce back strongly, one trading firm said.

Japan’s Metaplanet Wants to Buy Another $6M Bitcoin
The firm will purchase over $6.2 million worth of bitcoin using proceeds from an upcoming bond issuance, adding to its BTC coffers.

Bitcoin ETFs See $226M Outflows Led by Fidelity’s FBTC
BlackRock’s IBIT was the only ETF posting a net inflow on Thursday, while most of the funds recorded outflows.

Meme Sector Sees Sharp Sell-off as GameStop Losses Extend to 60%
A Solana meme parody of the actual company was down 25% in the past 24 hours, with steep losses across other meme tokens that tended to move in tandem with GameStop.

Bitcoin Bags $2B Inflows, Ether Sees Highest Institutional Buying Since March
One trader expects ETH prices to hit $10,000 in 2024, a nearly 200% increase from current levels of $3,600.

Bitcoin Sees Profit-Taking Around $70K Amid ‘Stubbornly Bullish’ Sentiment
On-chain data shows over 50% of Bitcoin supply remains inactive, a sign of strong long-term conviction in the asset.

GameStop Stock, Meme Tokens Surge as User ‘DeepFu*kingValue’ Returns to Reddit
Keith Gill posted his GameStop options positions on the r/superstonks subreddit in early Asian hours Monday.

Bitcoin Traders Warn of Pullback as U.S. Inflation Data Looms; Dogecoin Leads Majors Slide
Crypto markets are expected to remain shaky ahead of Friday’s U.S. inflation report, one trading desk said.
