Tezos is trying to rebound due to Adot AI. BTC outflows from exchanges 📌

The TEZOS cryptocurrency is gaining nearly 7% although it has seen a slight correction after a euphoric rise. The increase can be linked to the prospect of TZ APAC partnering with Web3's debut search engine, Adot AI. The search engine is expected to use solutions from Tezos. A demonstration of Adot AI's capabilities is scheduled to take place on July 5 at 'Demo Day', in Singapore. 

• The search engine is expected to enable more efficient, intuitive search for Tezos users. Intelligent prompts, simplification of the world of decentralized applications and so-called 'smart contracts' are to be added value. 
• The beneficiary of the search engine's possible growth in popularity is expected to be the growth of the Tezos ecosystem and adoption especially among developers in data search and specialized services, improving the user experience;
• However, it is worth noting that information regarding the Adot search engine itself is very vague at the moment, and cryptocurrencies are extremely volatile assets;
• Characteristic of the sector are so-called 'rallies under the event' - periods when the price rises in the face of some important milestone planned for the project. After it is reached, the price often records a correction - in the case of Tezos, that day could be July 5. In February of this year, Tezos reported, among other things, that it was partnering with Google Cloud, but the price has since fallen nearly 40%.

Uncertainty weighs on crypto sentiments. Bitcoin has stabilized at $26,000 but the CEX outflow is exceptional. 

The amount of BTC on centralized cryptocurrency exchanges (CEX) is now at its lowest since 2018 as the market fears a possible systemic crisis. Faced with regulatory uncertainty around Binance, investors again felt insecure and are withdrawing their cryptocurrencies en masse to so-called 'cold wallets'. Marasm in the market and lower volumes could potentially reveal further 'cracks' and, in the extreme case, bankruptcies. Source: Santiment

TEZOS, M30 interval. The cryptocurrency is trying to limit the recent dynamic sell-off. The SMA200 and SMA100 averages on the low interval have formed a 'golden cross' indicating possibly more fuel for growth. However, it is worth noting that Tezos can be extremely sensitive to the sentiment of the main cryptocurrency, the Bitcoin. Source: xStation5