One of the biggest differences between this Bitcoin bear market and the last one is that in 2019 hash rate didn't reach new highs until BTC ~3xed off its lows while today hash rate has over 2xed its prior May 2021 high while BTC itself is only up 75% off its lows #BTC
Bitcoin price hangs in the balance — Friday’s $2.26B BTC options could result in more downside Bitcoin bears benefit from the current macroeconomic uncertainty and are aiming for a $270 million profit if the BTC price falls below $25,000. #BTC
Polygon has been oscillating in a narrow range between $0.91 and $0.82 for the past few days. This suggests that traders are unsure about the next directional move. #crypto
The zone between the 20-day EMA ($0.91) and $0.94 is likely to witness strong selling by the bears. If bulls overcome this obstacle, the MATIC/USDT pair is likely to pick up momentum and reach the downtrend line. #crypto2023