📉 BBG reminds us that #BTC may still have room for further correction

Mara Pool's Distribution 👀

Interesting

The decision to distribute part of its positions after a recent peak suggests a strategic caution, possibly aiming to optimize gains and reduce risks.

This Friday 8 AM UTC, 177K $BTC are set to expire on Deribit with a notional value of $7.65 billion.

Max pain price $33,000, put/call ratio: 0.66

Ethereum max pain price $1,900, $3.52 billion notional value, put/call ratio 0.49

👀 #ETH Vitalik Buterin published updated roadmap for Ethereum

The largest longs liquidation so far this year.

#Bitcoin nearly $3B in Open Interest wiped out.

Chains with more than $100 million in TVL that experienced the most growth in December 2023.

Grayscale was holding 620k Bitcoins two weeks ago. Now it's 515k Bitcoins and the number is dropping every day!

I have no idea why they decided to keep high fees and essentially lose their clients 🙈

The real reason why crypto has four year cycles

🐳 3rd wallet in #BTC network added 2250 coins

📉 #BTC balances on exchanges continue to decline steadily

US Bitcoin #ETF's began trading on January 10th. Since then, about 250,000 BTC have left exchanges

When does $BTC recover? It's when weak miners die and hash rate recovers.

This one is for the record books as it's taking a lot of time for miner capitulation post-halving.

Probably can thank ordinal inscriptions boosting profits.

⛏📉 #BTC miners have sold over 30K BTC (~$2B) since June, the fastest pace in over a year. The recent halving has tightened margins, prompting this sell-off

Currently, the $BTC weekend trading volume stands at an all-time low of 16% in 2024, marking a 12 percentage point decrease from its peak of 28% in 2019.

Today marks the 16th anniversary since the Bitcoin Whitepaper was first released to the world by Satoshi Nakamoto!

Eight pages that gave birth to a $2.4 trillion industry and a new economy.

"We have proposed a system for electronic transactions without relying on trust." — Satoshi Nakamoto

And Happy Halloween! 🎃

$BTC officially flips Silver by Market Cap!