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Therichkidofkenya
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Therichkidofkenya
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Don't Even Think Of selling Your Ethereum , Bitcoin Or Solana. Hold Them For Some More Time You'll Thank Me Later
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Therichkidofkenya
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TRUMP 1 DAY EFFECT
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I'm Very new here what should i do? that's the question everyone asks. Any suggestions ? $BTC
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#2025Goals
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Bitcoin’s down but no one’s counting it out After starting the week pumping 4%, Bitcoin, as of writing this, is down 10%. It’s safe to say that the market has experienced volatility this week, with several factors likely contributing to the current price action. On the negative side there has been substantial outflows from both Bitcoin and Ethereum ETFs. Also, Thursday a U.S. court granted the Department of Justice approval to sell $6.5 billion worth of Bitcoin seized from the Silk Road assets. Hopefully the Biden-led executive will not do so with less than two weeks remaining in power. On the positive side, Chilean legislators are considering a proposal to create a strategic Bitcoin reserve. I expect more countries are thinking about it behind closed doors. Despite prices having declined from Tuesday, sentiment online has largely remained positive. On a somewhat related note, the number of Bitcoin obituaries - predictions of Bitcoin's demise - appears to be decreasing over time. Even the naysayers don’t think Bitcoin is going anywhere. $BTC Bitcoin.com Marketing Lead Graham Stone pointed out in this week’s episode of Token Narratives that the overall composite of Dune Index looks like it might correlate well with the total crypto market cap. This needs further investigation, but makes sense to me since part of what Index is trying to measure is blockchain activity. On-chain activity has been shown to correlate reasonably well with price. Take a look at the Dune Index, it’s pretty damn bullish.
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A massive 19,000 Bitcoin (BTC) options are set to expire before the release of US Nonfarm Payrolls (NFP) data release today. The BTC price is showing some volatility taking a dive to $91,380 levels earlier today before recovering back above $94,000. A drop in Bitcoin funding rate and exchange volume hints at volatility in the short-term. In addition, a massive 141,000 ETH options will also expire today. 19000 BTC Options Expiry Amid Bitcoin Price Drop A total of 19,000 Bitcoin options expired this week with a notional value of $1.81 billion. The BTC options expiry has a put-call ratio of 0.65, a maximum pain point of $97,000, hinting that the bullish bias continues despite the price decline, per the data.$BTC
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