Forwarded from CryptoQuant
Miners remain under pressure to sell their stakes
"For the past eight months, the cost of mining Bitcoin has been above the market price."
― Link
by SignalQuant | @cryptoquant_official
"For the past eight months, the cost of mining Bitcoin has been above the market price."
― Link
by SignalQuant | @cryptoquant_official
CryptoQuant
Bitcoin miner to exchange flows in general downward trend "Part of that may be miners increasingly conducting over-the-counter deals instead of selling on exchanges." ― Link by Jan Wuestenfeld | @cryptoquant_official
I had a better chart somewhere but this is good enough. Do you see how they literally sell every dump? Not before the dump but immediately when it dumped, selling the pico bottom every time.
I mean it is absolutely obvious to counter trade the miners: they wouldn‘t mine if they were good traders.
I mean it is absolutely obvious to counter trade the miners: they wouldn‘t mine if they were good traders.
DiveInDefi
I had a better chart somewhere but this is good enough. Do you see how they literally sell every dump? Not before the dump but immediately when it dumped, selling the pico bottom every time. I mean it is absolutely obvious to counter trade the miners: they…
Aside from this, stocks start to dip (which is to be expected as SPX is under 1% from ath) and we are still due for a correction
DiveInDefi
If we break a little lower now, the next target is 41.100~ on btc
This is the target
DiveInDefi
This is the potential scenario
SPX working on supporting this breakdown as well by forming this curviture right now
Altough everything looks like the beginning of a doom: dont get too bearish too quick.
We held the first support so far and the big one comes at 39k
As long as we don‘t see the ETF rejected, I do not believe we will break the main support at 39-40k.
We held the first support so far and the big one comes at 39k
As long as we don‘t see the ETF rejected, I do not believe we will break the main support at 39-40k.
Forwarded from The Bull
This will be the first year in Bitcoin's history where the annual security budget as % of market cap will be higher than the year before (from 1.8% to 1.9%)
The security budget is the amount miners earn for securing the network. When this value is high, 51% attacks are expensive and vice versa
The security budget is the amount miners earn for securing the network. When this value is high, 51% attacks are expensive and vice versa
DiveInDefi
Altough everything looks like the beginning of a doom: dont get too bearish too quick. We held the first support so far and the big one comes at 39k As long as we don‘t see the ETF rejected, I do not believe we will break the main support at 39-40k.
The question is: last dip before big pump with ETF news in early 2023 or are all ETFs overly priced in and we get a big sell off until tradfi money flows in?
Forwarded from Moonbags Markets
Interesting too how good news that used to pump things stopped pumping
Forwarded from Crypto News Aggregator by EXCAVO
👀 Bitwise Bitcoin Spot ETF May Receive $200 Million in Seed Funding twitter.com
Forwarded from Watcher Guru
Forwarded from 🆃🆁🅾🅽 🅷🅰🅲🅺🅴🆁
ETH will DUMP now
Brace YourSelves
No One Cares About Any RoadMaps
We Crypto People Cant Read
Dump ETH NOW
Brace YourSelves
No One Cares About Any RoadMaps
We Crypto People Cant Read
Dump ETH NOW
Forwarded from ElPatronLISM
People trying to understand the road map really nerds lol
DiveInDefi
Not saying we are going to retrace 50% but a health sell the news is to be expected. Pump afterwards with the halving incoming anyways. Alts probably correct as well with the etf approval
I personally expect a pump on the news with a quick sell the news shortly after