$475M in Bitcoin options expire this week — Are bulls or bears poised to win?

Bitcoin (BTC) has been posting higher lows for the past eight weeks, but during this time, BTC has not been able to flip the $24,000 resistance to support on at least three different opportunities. This is precisely why the $475 million Bitcoin options expiry on Aug.

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Elon Musk Sheds $7 Billion In Tesla Shares As Twitter Pushes Back | Bitcoinist.com

Elon Musk has been in the limelight recently due to the Twitter deal. There has been a number of back and forth between both parties as the terms of the deal become murky. Amid all of this, billionaire Elon Musk has made some significant moves regarding his Tesla stock.

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Elon Musk: US ‘past peak inflation’ after Tesla sells 90% of Bitcoin

Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked.
Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.

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Crypto Biz: Elon Musk: The ultimate crypto tourist

Elon Musk’s Tesla proved to be the ultimate paper hands after the electric vehicle maker sold 75% of its Bitcoin (BTC) holdings in the second quarter. I say, good riddance. The cult of personality isn’t good for Bitcoin, and neither is a technologist who treats the asset as his plaything.

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Crypto Reacts: Tesla Panic Sells Its Bitcoin, The Internet Explodes | Bitcoinist.com

One thing’s for sure, Tesla’s CEO knows how to generate headlines. The infamous Elon Musk was the talk of the town today, as news of his company selling 75% of their bitcoin hit the wires. The reactions go from clowning Musk to overanalyzing the situation and everything in between.

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Large institutions sold $5.5B in BTC since May — and we’re still here

Since May 10, as much as 236,237 Bitcoin (worth $5.452 billion) has been sold by “large institutions” — mostly as a result of forced selling. 
A Twitter thread from Arcane Research analyst Vetle Lunde details how and when many institutional Bitcoin holders began selling their stacks.

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New Reason For The Market Crash Revealed: Tesla Sold 75% Of Its Bitcoin In Q2 | Bitcoinist.com

It’s true, Tesla already sold almost a billion dollars in BTC and the market took it like a champ. Of course, the price fell below the previous all-time high for the first time in bitcoin’s history, but there are clear reasons for that.

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