BTC at $117K.

What we’ll cover today:

🟠 Bitcoin refuses to sell off and that’s suspiciously bullish

🟣 PUMP token crashes after co-founder delays airdrop and lawsuits pile up

💸 FTX will pay $1.9B to creditors… but at 2022 prices 🤡

Bitcoin's Bull Run Is... Too Chill? 🐂

Bitcoin is riding high at $117K, but here’s the twist: big investors aren’t selling, unlike in past bull runs.

🚨Breaking News:
Despite hitting an all-time high of $122K, Bitcoin's flow to exchanges is weirdly low. No 2017 or 2021-style panic yet.

⚡Wire Simplified –

• Bitcoin is holding above $117K even after a small dip

• “Flow Pulse” shows big holders aren’t sending BTC to exchanges, meaning they aren’t planning to sell

• 2017 and 2021 saw rising exchange inflows before major crashes, but not this time

• Another indicator says BTC might be in an “overheated” phase, so caution is advised

• If BTC reclaims $120K, new highs are possible. If it drops below $115K, trouble could follow

✔️Straight to the Point –
Bitcoin’s acting differently this time. HODLers seem calm, but short-term traders should watch the charts closely

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PUMP Token... Got Popped 💥

Pump.fun's token PUMP crashed hard after co-founder Alon Cohen said the airdrop isn’t coming “anytime soon” 😬

🚨Breaking News:
PUMP token nosedived 52% after airdrop hopes got delayed and a spicy lawsuit added Solana and Jito to the drama

⚡Wire Simplified –

• Token fell over 50% from its high last week

• Co-founder says airdrop will happen, just not now

• Traders dumped it fast after realizing no free tokens are coming soon

• Lawsuit now targets Solana Foundation and Jito team under U.S. RICO law

• Accusations include shady token design and lack of user protections

✔️Straight to the Point –
Pump.fun is living up to its name, but for the wrong reasons. No airdrop, legal chaos, and a PUMP that went flat

FTX Is Finally Paying Back 💸

FTX, the collapsed crypto exchange from 2022, will finally start paying back users. Three years and one courtroom saga later

🚨Breaking News:
FTX will release $1.9B to creditors starting Sept 30 after a U.S. court cleared the payout in its bankruptcy plan

⚡Wire Simplified –

• $1.9B approved for payout in the next round

• Eligible users need to be verified by Aug 15

• FTX plans to repay most creditors with full principal plus 9% interest

• Some international users, like in China and Russia, may face payout delays

• Big frustration: payouts are based on 2022 crypto prices, not current sky-high ones

✔️Straight to the Point –
Good news: FTX is finally repaying. Bad news: you’ll get paid in 2022 prices, not today’s moon prices