📈 BTC to $211K?
Trader Ali has shared an intriguing pattern on Bitcoin's chart.
⌛️ In every bull cycle, BTC has touched or surpassed the red 1130-day moving average (DMA x5).
If history repeats and BTC hits this line again during the current cycle, its price could reach at least $211,000. 🚀
Is this the next milestone for Bitcoin, or just speculation? 🤔
📉 Nvidia has lost its title as the "most valuable company in the world," falling behind Apple and Microsoft in market capitalization. 🤷
Social media is buzzing with comparisons between Nvidia ($NVDA) and Cisco ($CSCO) during the Dot-Com Bubble. 👀
Back in 2000, Cisco was the world's most valuable company—until the bubble burst, causing its stock to drop over 80%.
Could history repeat itself, or is this just a rhyme? 🤔
📉 Bitcoin and Ethereum ETFs See Massive Outflows
On January 27, Bitcoin ETFs experienced a $457.5M outflow, the largest in two weeks, equivalent to 5000 BTC, according to Glassnode.
While this is significant, it pales in comparison to the 11,600 BTC outflow on January 10. 👀
Meanwhile, Ethereum ETFs saw their second-largest outflow ever, totaling $136.3M.
The only higher outflow was on January 8, with $159.3M withdrawn.
Despite these outflows, investors funneled $4.22B into ETF instruments over the past week. 💰
🇫🇷 French authorities have opened a judicial investigation into Binance, the world’s largest cryptocurrency exchange, over allegations of money laundering, tax fraud, and unlicensed operations.
🔎 The probe, spanning 2019–2024, includes charges tied to drug trafficking, misleading information to users, and operating without proper approvals in the EU.
Complaints from users who lost money via the platform sparked the investigation. 🧐
PS: You can read other crypto related post below.
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