Bitcoin Price Thread
- Thread starter Magna
- Start date
Why hasn't Saudi pumped more oil?
what is this supposed to show?
credit to @phjlljp on Twitter
cool infographic, thanks for posting the source
came across this in his timeline
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"There Is Not Enough Bitcoin Available In The Market"
Bitcoin’s illiquid supply is actually the highest it has ever been.
The amount of bitcoin sitting on crypto exchanges, which could be sold into the market at a moment’s notice, is sitting at a multi-year low.
https://pomp.substack.com/p/there-is-not-enough-bitcoin-available?s=r
Bitcoin’s illiquid supply is actually the highest it has ever been.
The amount of bitcoin sitting on crypto exchanges, which could be sold into the market at a moment’s notice, is sitting at a multi-year low.
https://pomp.substack.com/p/there-is-not-enough-bitcoin-available?s=r
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Feels like we're getting pretty close to a reckoning for the crypto ecosystem. That failed breakout above the Feb/Mar highs was a massive bull trap; rampant confident bullishness is now turning to quiet doubts, and if the Jan lows break there will be outright panic. There's an awful lot of rotten wood in the edifice of protocols and DAOs and cross-obligations and hidden leveraged spec plays, while the overall volume of money involved and universe of derivatives etc. is exponentially larger now than in the 2018 bear cycle. We ought to see some real fireworks.