Does anyone know what's going on with the price of #bitcoin on utxo.live/oracle?
Have the ETFs already been approved and nobody told you or was it just the #ordinals ones?
#asknostr
Discussion
WTF? hope this to happen, but X2! ?
It looks for round USD amounts to estimate the price. It probably confused some $50 transactions with $100 transactions (for example), because of the sharp price movements today.
"The current model does not deal with extreme volatility well. Mempool variations and price volatility create situations where the UTXOracle price can temporarily vary from the centralized exchange price by more than 10%. While this can likely be improved upon with a more comprehensive model it does highlight a potential serious limitation of the practical use of the model."
https://bitcoinmagazine.com/technical/utxoracle-model-could-bring-use-cases-to-bitcoin
I cant zap you from gatAlby on nostrudel