Crypto_Blog

[kuntah @paulewaulpaul]

Almost looks like #Bitcoin prices are testing the estimated cost of production model for a post-halving environment after trading above it.

At the time of the last two halvings, we were at similar levels relative to the model. Could be considered "fair value"?

@glassnode

[Joe Consorti @JoeConsorti]

Bitcoin's price falls by a lower percentage after each new all-time high.

Peak-To-Trough Drawdown in 2012:
-93%

Peak-To-Trough Drawdown in 2022:
-76%

People are buying cycle bottoms sooner — the level at which BTC is 'inexpensive' is only rising.

The maturation of an asset.

[Joe Consorti @JoeConsorti]

If you total the Fed, ECB, and BOJ's net assets, you get a solid proxy of #bitcoin's price movement.

The reckless, seemingly perpetual balance sheet expansion from central banks can be hedged with an asset whose issuance schedule is locked for eternity.

That's powerful.

[Kevin Svenson @KevinSvenson_]

$DXY (vs) #BTC

Whenever the U.S. Dollar Index is in a falling wedge, bullish momentum picks up for #Bitcoin.

Toward the end of the wedge $BTC usually sees extreme bullishness. We are entering that zone now.

[Ted Boydston @tboydsto]

Looking at the top central banks together appears to show that liquidity has driven all the cycles.

Keep in mind that several banks have announced their desire to return to pre-COVID balance sheet levels, which would adversely impact Bitcoin.

If, however, banks continue printing to support debt reduction via currency debasement, then Bitcoin’s future is bright. 2/2

[Stockmoney Lizards @StockmoneyL]

#Bitcoin anatomy 🫀

1. Halving
2. Bull run
3. Bear market
4. Pre-Halving run

(repeat 🔁)

to 1: As the block reward approaches zero, the impact of each halving on the market may diminish gradually.

to 2: The effect of the halving on the bull run has been significant in the past, with gains of 9896% ➡️3491%➡️725%➡️ ?. However, the effect may become less significant over time.

to 3: The halving has also had a significant impact on the bear market in the past, with losses of -87% ➡️-84%➡️-77%➡️ ?. However, the effect may become less severe over time.

to 4: We are currently in the pre-halving run🏃‍♀️, and while anything can happen, significant gains are highly likely.

[Charles Edwards @caprioleio]

Every time the Bitcoin price has hit its Electrical cost in the past, it has been a generational investment opportunity. Without fail. This is by far my most trusted long-term Bitcoin metric because of this.

[venturefounder @venturefounder]

The @caprioleio hash ribbon finally showed a "BUY" signal for both the 3D and on weekly in Jan 2023

However #BTC📷 price still below the top band of the #Bitcoin📷 production cost at $33k. That means some miners are still losing money mining due to the hash rate continue higher

[James Van Straten @btcjvs]

#Binance has a war chest of roughly $35B; in actual liquid assets, they have nearer to $30B.

They hold in the POR roughly 420k #BTC roughly ($11.5B)
Stablecoins is roughly $10B
ETH roughly $8B

[BlockTake @TheBlockTake]

5/ 🌐 Global repercussions: Other exchanges may also come under increased scrutiny, prompting regulators worldwide to implement more stringent rules for crypto platforms. This could lead to a new wave of regulations and potentially slow down crypto adoption.

[Adam Cochran (adamscochran.eth) @adamscochran]

@notaseeeker This isn't like a SEC complaint.

It's very different and the fine the CFTC is seeking is: all revenues, earnings, salaries, profits and user losses derived from US entities on all Binance entities from 2017-2023.

That could be tens upon tens of billions of dollars.

[BlockTake @TheBlockTake]

4/ ⚖️ Regulatory consequences: If these allegations are proven, Binance could face heavy fines and penalties, as well as stricter regulatory oversight. In the worst-case scenario, the exchange may even lose its license to operate in certain jurisdictions. #regulation #compliance

[Quinten @QuintenFrancois]

Anon, do you see how early we are in this #crypto market cycle? We have just seen the bottom a few months back.

Imagine if we hit the yellow line in a few years 😏

[IT Tech @IT_Tech_PL]

3. Open Interest skyrocketed
4. Funding rate turned positive before the pump. (more longs than shorts).
🧵2/3

[Mitchell Askew @MitchellAskew]

I would like to see this moon today.

[G a a h @gaah_im]

About $35M in Short positions liquidated in the last hour 🔥

It is the biggest peak in volume of liquidations in one month

#Bitcoin price now reaches values near $24.4k, above the last top reached on February 1.

[Avi @AviFelman]

Stablecoin dominance is shrinking. Partially due to prices going up, but also because there is a reallocation happening.

Hard to tell if people are fleeing because of potential action or simply because they are deploying.

[James Van Straten @btcjvs]

Stablecoin supply ratio surging
This is the ratio between #Bitcoin supply and the supply of stablecoins denoted in #BTC