Hostorically #Bitcoin had bottomed when the quantile reached less than 10%
Current realised price quantile : 17.9%
Do you think we'll see another bitcoin:native leg down ? https://t.co/ofDcJcYKkJ
Hostorically #Bitcoin had bottomed when the quantile reached less than 10%
Current realised price quantile : 17.9%
Do you think we'll see another bitcoin:native leg down ? https://t.co/ofDcJcYKkJ
TD Cowen, target price $400… maintains Buy
https://t.co/BqOMqLXKb6 https://t.co/LiKbrXtGtC
Good morning and a productive Monday☀️
Time for your daily Bitcoin update: order book, heatmaps and futures data!
1) The weekend was very uneventful — Bitcoin mostly choped and showed little movement. Meaningful long entries are available at the 60k support or reclaim of the 65k zone — as long as neither occurs, one should wait. This is even more so because a lot of FUD around Saylor is circulating currently. Today Saylor will again announce that he bought Bitcoin — the crucial point is the financing method: whether he sold MSTR shares or took on new debt.
2) Liquidity can be seen on the heatmap around the 63k and 65k levels.
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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.