# Bİtcoİn

Roughly 8.4M $BTC are underwater right now — very similar to the pressure we saw in Q2 2022 .
For things to turn around, these coins usually need to rotate into stronger hands willing to buy lower.
Last time, around 3M BTC had to change hands before the market found its footing — and we could be looking at a similar reset phase again.
#Bİtcoİn #GateSquareAprilPostingChallenge

Quiet Market, Strong Signals
Despite slow price action, key developments stand out:
• Malta warns EU regulations may push crypto firms to the U.S., UAE, and Asia
• Tom Lee’s Bitmine acquired 45,000 Ethereum (~$95.3M)
• BlackRock ETF bought $98.1M in Bitcoin
Meanwhile, $BTC just closed green after 5 red sessions.
#Bİtcoİn #Ethereum