Introducing SOPR: spent outputs to predict bitcoin local lows and tops. The SOPR is calculated from spent outputs. It's the realized value (in USD) divided by the value at creation (in USD) of the output. Or simply: price sold / price paid. https://t.co/dquR4MPFtX
If you Google "bitcoin" you will find exchange adds, MSM articles, commercial websites .. but not the #bitcoin whitepaper! That is where it all began. Please read the bitcoin whitepaper and learn about digital signatures, SHA-256 based proof-of-work and peer-to-peer networks.
#marketupdate, breaking it down, post mortem.
We just saw the single largest 1-day drop in mining hash rate since Nov 2017. The hash rate on the network essentially halved, causing mayhem in BTC price as it crashed.
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