Here we go again 🚀 #ToTheMoon #ECB #BTC
You know what they say. Buy the rumor, Buy the news, Buy the pump, Buy the dump!!! #DCA #HODL #BTC #NotYourKeysNotYourCoins
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📊 #BitcoinInsight: An update on the previously shared charts is ready, revealing some encouraging trends in the Bitcoin market. Stay tuned for a detailed analysis. ⚡️🔝 #BTCMarketUpdate
📉 First chart update: No reversal in $BTC's available supply decline yet. It seems the rise in dollar value of available supply is almost entirely due to Bitcoin's price increase. Conclusion: Scarcity is up even as dollar value rises.
📊 The second chart shows a drop in available Bitcoin supply across all timeframes. The shorter the timeframe, the more Bitcoin is being pulled from circulation daily, pointing to a market that's becoming more bullish as more Bitcoin becomes illiquid.
⚠️ The scarcer the available supply, the longer we can expect Bitcoin price volatility to last. A higher price is needed to meet market demand with less Bitcoin around.
🚀 And with the buzz around a potential spot ETF, the demand for Bitcoin could stay high for a while, hinting at exciting times ahead! #Bitcoin #ETF #MarketTrends
Thanks to the nostr:npub1r00t03pv2kxpes5x676xu3j2e0ag8hmmtzv8et0matxg876tnkgsp5sqe8 for providing some data behind this charts. For more updates, feel free to follow me.
📊 Exploring Bitcoin's Available Supply Trends!📈 This chart showcases the average daily change in Bitcoin's available supply over various periods. The 'available supply' is defined as the sum of the liquid and highly liquid supplies.
Different color lines represent different time periods over which this average has been taken:
Green line: 1 year
Orange line: 2 years
Purple line: 3 years
Blue line: 4 years
Red line: 5 years
As seen in the chart, the daily change in available supply shows a general trend of decline, indicating an increasing holding mentality among Bitcoin owners🚀. Periods when the lines go up represent times when more Bitcoin becomes liquid (available).
This could indicate increased selling pressure or less HODL behavior. Conversely, when the lines decrease, it signifies a reduction in available supply, pointing to strong HODL behavior among Bitcoin owners.
When various timelines intersect, this can indicate a trend shift. This shift is noteworthy as it reveals that the holders of the illiquid BTC supply are selling/buying. They tend to be more discerning and less susceptible to FUD (Fear, Uncertainty, Doubt). #Bitcoin
In the coming weeks, I'll continue to search for intriguing data and delve deeper into the charts I've already shared. Stay Tuned!
For additional insights, follow nostr:npub1r00t03pv2kxpes5x676xu3j2e0ag8hmmtzv8et0matxg876tnkgsp5sqe8 for valuable data.
Aaah ok nice. The bots and agents can't be much worse than on Twitter😉
📊 Visualizing BTC scarcity! 💰 This chart illustrates the value of the available btc supply and its value in dollars, showcasing its scarcity over time. Smaller supply = greater price impact. Don't just focus on available BTC supply, consider $ value. It's a more nuanced perspective than just looking at available btc supply. But the declining supply in $ value, even with the added supply in BTC from mining, remains highly bullish. 🚀 #BTC
Calculating Available Supply (also known as Tradable Supply) involves this formula: Available Supply = Circulating Supply - Illiquid Supply. And when you multiply the Available Supply by the BTC price, you get the Available Supply in dollars.
Thanks to nostr:npub1r00t03pv2kxpes5x676xu3j2e0ag8hmmtzv8et0matxg876tnkgsp5sqe8 for providing some data behind this chart! 🙌 I'll be attempting to gather similar onchain data soon using my node and other tools like Python. So, for more market updates, feel free to follow me. ⚡️
These are coming soon nostr:npub138guayty78ch9k42n3uyz5ch3jcaa3u390647hwq0c83m2lypekq6wk36k. It has something to do with the scarcity of BTC.
It looks nice! Why is this better than reddit?
Congrats! Good luck with the platform
Take some fucking nuts, receive them with https://wallet.nutstash.app then put them into https://redeem.cashu.me to redeem them back to your Lightning wallet
It said that the tokens were already spend
Yes. I'm ignoring your account on Twitter because i'm already following you on nostr. That's because i don't want to see the same things on Twitter and nostr. So it would be really nice if you can post the same content on nostr
Really nice experience to connect my alby wallet with amethyst. I'm going to send allot more transactions and zaps because of this!!
#[0] Verifying My Public Key: "_Now_I_Know"