Bitcoin, Ethereum, Dogecoin Start July In The Green: ‘Still In A Bull Cycle, Boring Is An Opportunity,’ Says Trader

Cryptocurrency markets are trading higher, as miner selling is reportedly subsiding.

Notable Statistics:

IntoTheBlock data notes a drop in Bitcoin’s key metrics: a 16% fall in large transaction volume, a 7.7% decrease in daily active addresses and a 114.6% decline in exchanges netflows.
Coinglass data highlights Bitcoin’s open interest at $33 billion, the highest in more than a week. In the past 24 hours, 37,524 traders were liquidated for $124.3 million.
Germany witnessed the largest outflows ($28.5 million) by any country, based on CoinShares report. Ethereum witnessed $61 million in weekly outflows this week, making it the worst-performing asset year-to-date in terms of net flows.
The SEC is suing California lender Silvergate in federal court for securities fraud.

Notable Developments:

Cryptocurrency	Price	Gains +/–
Bonk BONK/USD	$0.00002576	+14.6%
Ethereum Name Service ENS/USD	$31.94	+11.9%
Brett (Based) BRETT/USD	$0.1653	+10.4%

Trader Notes: Crypto Quant founder & CEO Ki Young Ju saidthe Bitcoin market is “boring with less volatility.” He noted less interest from both buyers and sellers but concluded, “We’re still in a bull cycle. Boring is an opportunity.”

Another crypto trader predicts an incoming “monster move.”

The BBWP-Indicator signals unprecedented volatility for $BTC in the coming weeks and months.

-SIX weekly bars.🤯 This has never happened before.

Monster move is coming.

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