🔺"Bitcoin saw outflows totalling US $17.5m, while short-bitcoin investment products saw minor inflows totalling US $1.1m.
🔻We have witnessed similar oscillations in sentiment, but these outflows represent the largest since early September, just after the FED expressed a more hawkish view than expected,"
CoinShares said in their recent report.
@bitcoins
🔻We have witnessed similar oscillations in sentiment, but these outflows represent the largest since early September, just after the FED expressed a more hawkish view than expected,"
CoinShares said in their recent report.
@bitcoins
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Binance cements its position in terms of dollar liquidity within a ~+/-25% price range. It is followed by Coinbase, Bitfinex, Bitstamp, and Gemini. The aggregated liquidity is ~$590M within the defined range.
Although sizable, a ~35k BTC (merely 0.18% of the circulating supply) market sell would send the price down to $12,500.
We recognize this scenario is improbable and would likely never materialize, owing to the existence of OTC markets which help absorb buy/sell pressure that secondary markets cannot. But mulling over such possibilities helps us contemplate the worst-case scenario.
@bitcoins
Although sizable, a ~35k BTC (merely 0.18% of the circulating supply) market sell would send the price down to $12,500.
We recognize this scenario is improbable and would likely never materialize, owing to the existence of OTC markets which help absorb buy/sell pressure that secondary markets cannot. But mulling over such possibilities helps us contemplate the worst-case scenario.
@bitcoins
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🔎 According to Santiment, traders are having hard times now, with 2022 risking to become a historically unlucky year for investors.
▪️ Since the beginning of 2022, Bitcoin has lost 68%, and Ethereum 71%.
▪️On the 30-day time frame the situation seems to became similar to 2018 and 2019 months.
More: https://insights.santiment.net/read/mid-month-december-report-traders-are-skeptical-will-you-be-a-buying-receptacle-7140?utm_source=twitter&utm_medium =post&utm_campaign=twitter_mid_month_december_report_b_121922/&fpr=twitter
@bitcoins
▪️ Since the beginning of 2022, Bitcoin has lost 68%, and Ethereum 71%.
▪️On the 30-day time frame the situation seems to became similar to 2018 and 2019 months.
More: https://insights.santiment.net/read/mid-month-december-report-traders-are-skeptical-will-you-be-a-buying-receptacle-7140?utm_source=twitter&utm_medium =post&utm_campaign=twitter_mid_month_december_report_b_121922/&fpr=twitter
@bitcoins
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Bitcoin mining giant Core Scientific $CORZ to file for bankruptcy.
“The company will not liquidate, but will continue to operate normally while reaching a deal with senior security noteholders, which hold the bulk of the company’s debt, according to this person, who declined to be named discussing confidential company matters.“
The stock of the company has lost most of its value this year. From trading above $10 at the beginning of the year to dropping down to $0.21, CORZ has noted a 98.02% haircut.
@bitcoins
“The company will not liquidate, but will continue to operate normally while reaching a deal with senior security noteholders, which hold the bulk of the company’s debt, according to this person, who declined to be named discussing confidential company matters.“
The stock of the company has lost most of its value this year. From trading above $10 at the beginning of the year to dropping down to $0.21, CORZ has noted a 98.02% haircut.
@bitcoins
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From July 2021 to June 2022 in North America, DeFi accounted for 37% of total transactions, indirectly reducing Bitcoin dominance.
https://go.chainalysis.com/geography-of-crypto-2022-report.html
@bitcoins
https://go.chainalysis.com/geography-of-crypto-2022-report.html
@bitcoins
Chainalysis
The Chainalysis 2022 Geography of Cryptocurrency Report
For the third straight year, Chainalysis is publishing the Geography of Cryptocurrency Report: our guide to cryptocurrency adoption and usage around the world.
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Do you remember this classic?
We laughed at the idea of sending letters over the internet the same we laugh at sending money over Bitcoin today.
@bitcoins
We laughed at the idea of sending letters over the internet the same we laugh at sending money over Bitcoin today.
@bitcoins
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