Bitcoin long-term holder supply, near historic bottom analysis
https://t.co/Ct7o9slCUD https://t.co/NIiXlMaoOP
Bitcoin long-term holder supply, near historic bottom analysis
https://t.co/Ct7o9slCUD https://t.co/NIiXlMaoOP
With layoffs near historic lows and unemployment holding at 4.3%, the odds of a Fed rate cut keep shrinking - and Bitcoin keeps paying the price
a healthy economy is currently bad news for Bitcoin. infact its backwards that
Bitcoin’s biggest tailwind right now is not adoption or institutional flows
should be the Fed cutting rates. and the Fed cant cut rates while the labor market stays this strong
so the better the economy looks on the surface, the longer Bitcoin waits for its catalyst
correlation to monetary policy was supposed fade as the asset matured. right now its the dominant variable in the room
A whale is shorting BTC and alts right now.
Today, he has opened:
- $40,608,000 $BTC short
- $30,741,000 $ETH short
- $12,510,000 $HYPE short
Over the past month, the whale has made almost $6M in profit.
Does he know something? https://t.co/TsumlgCYbZ
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.