HTF 1W:  
#Bitcoin remains stable at $69,672, with the 50-week and 200-week SMAs at $45,473 and $35,927 respectively, reinforcing market optimism and instilling confidence. The 7-week SPX correlation coefficient is now at 0.81.

HTF 1D:  
#BTC resilience at $69,672, with the 200-day BPRO trend support at $64,000 and 200-day SMA support at $55,765, is a positive sign. The RSI at 57 indicates a stronger buying interest, with the 50-day momentum curling up at 52. The ATR at 1960 and the 50-day volatility index stalling at 2940 point towards potential stability in the market, weakening the longevity of any short-term trends and encouraging false breakouts to appear.

HTF 12H & MTF 4H:  
As the CTF and HTF Trailers indicated in bull mode, more bullish sentiment prevails, with stop supports at $67,385 and $67,053, respectively. Trading bands are set between $71.3k to $71.9k for the High Band and $67.4k to $67.9k for the Low Band, crucial for near-term movements.

Fear & Greed Index:  
Currently at 72, signaling 'Greed' and indicating strong market optimism, but with caution against potential overextensions.

Mining Costs:  
Bitcoin mining costs have decreased to $74,825, impacting miners' profitability margins. The Average Mining Costs to bitcoin price ratio is 1.07.

Seasonality & Outlook:  
June 10 - June 30 (2010-2024) shows a -45.97% annualized return and 38.46% profitable trades. Average and median returns are -3.29% and -2.92%, respectively. The total profit is -4,377.64 points, with an average profit of -336.74 points.

Net Unrealized Profit and Loss (NUPL):  
The NUPL stands at 0.564, indicating that a significant portion of the market is profitable. This might increase selling pressure as investors seek to capitalize on gains.

ETFs:  
BlackRock’s Spot Bitcoin ETF ($IBIT), with $20.9B AUM, leads ahead of Grayscale ($GBTC; $19.8B AUM). As of June 7, 2024, the cumulative ETF volumes had risen to $289.33B, representing 91.61% of the total Bitcoin ETFs market (spot + futures). Total net flow is positive, yet falling lately to $131M as of June 7, 2024.

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#Bitcoin #BTC