$BTC update:
Breaking 78k/79k is key for a shot at 83k.
75k remains the first LIS.
70k to 90k looks like a short-term range.
60k and 130k still has the most overall bids and offers. https://t.co/l50pMpxUwf
$BTC update:
Breaking 78k/79k is key for a shot at 83k.
75k remains the first LIS.
70k to 90k looks like a short-term range.
60k and 130k still has the most overall bids and offers. https://t.co/l50pMpxUwf
Key order flow levels.
At current prices, around 7.75M $BTC are underwater. 🌊
Historically this metric peaks around major lows. 👀
Per Glassnode. 🥸 https://t.co/nQdvIHLFCz
$BTC Very slow month of may without any meaningful moves.
The upcoming summer months are generally slow too without much price action. We usually see the same in TradFi markets too as volumes and liquidity are lower during these months. https://t.co/yXGIdhqP27
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.