〽️ Total notional options open interest has crossed $20B - split between $12.5B for BTC and $7.55B for ETH.

Last time the options market OI crossed the $20B mark was in October 2021.

@bitcoins

The White House has issued an Annual Economic Report of the President to Congress, including the research on digital assets and digital economy.

In the context of Ethereum’s transition to Proof-of-Stake, it says: “...Bitcoin has not announced plans to make a similar change.”

Really weird… Bitcoin CEO needs either to think seriously about such a transition or at least to raise the issue with shareholders at the next meeting 😁

Besides, the report says crypto assets are neither an effective store of value nor effective means of payment; their innovations are primarily about creating artificial scarcity to support the price.

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Now, we've seen everything 😆

Tim Draper concluded his speech at Paris Blockchain Week 2023 with a song he wrote.

It touched on Satoshi, Bitcoin, banks, governments and the want for a new world order.

@bitcoins

Banks Vs Bitcoin

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🚘 The same day two years ago, Tesla started accepting $BTC.

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BTC volatility outpacing ETH's for the first time in over a year.

@bitcoins

👀 Terra founder Do Kwon reportedly arrested in Montenegro.

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💭 Cathie Wood, Ark Invest CEO, on Bitcoin: “The behavior of the price through this crisis is going to attract more institutions.”

@bitcoins

#BTC — Analysis

Bitcoin should be heading toward 28600$ where it will find price resistance...

— If manages to get above, then the Weekly OB (orange rectangle) will act as resistance and only then you could aim toward the TP of 32000$ — the algo fib (top negative fib).

Beside what it was just stated, price could consolidate between the top of broadening wedge — 27000$ and one of those resistances, respectively 28600$ — 29000$ — 29700$ until it reaches 32k as main target of this move and major resistance!

Bitcoin seems Sound during all this narrative of the Banks, followed by #GOLD that just had a major breakout and might be aiming for a wild run!!! Same will happen if Bitcoin manages to surpass 32k — 36k

https://www.tradingview.com/x/KhtPz7ou/

@Bitcoins

#GOLD — Overview of the "major breakout..."

HTF (Weekly), with EMA's.

https://www.tradingview.com/x/35GLzRXD/

@Bitcoins

BTC liquidity has dropped to 10 month lows as market makers lose access to USD payment rails.

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U.S. hours have been a major source of bullish pressure since the beginning of the year.

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Total deposits are down 3.5% from its highs or more than $650 billion from the peak.

This is the largest drawdown in deposits in the last 2 decades surpassing the GFC levels.

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The current bear market (blue) in comparison to the previous ones: 1946-1949, 1973-1974, 2000-2002.

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Less than 40% of total Bitcoin supply is considered liquid (< 1 year).

@bitcoins

Exactly 9 years ago, Ark's Cathie Wood predicted $BTC at $500 for the 1st time: "Bitcoin could go viral."

As well as your predictions, Cathie 😉🫶🏼

@bitcoins

🚨JUST IN 🚨 : Microstrategy Secures 6,455 Bitcoins in $150 Million Deal at $23,238 Average Price.

@Crypto_News | Tweet

MicroStrategy now owns 1 out of every 151 #bitcoin that will ever exists.

@bitcoins

📈 Bitcoin's NUPL chart moves out of hope/fear for the first time since May 2022.

@bitcoins

Fast fact:

At today’s hashrate growth rate of Bitcoin, which has reached 400 exahashes per second, we will begin measuring hashrate in zettahashes by the end of 2025.

@bitcoins