📊🤔 #BTC C.Q.: The current Open Interest (OI) volume in BTC is higher than during the 2021 bull cycle and comparable to the 2022 bear cycle.

Let me emphasize once again: traders have become more cautious and less willing to take risks.

By the way, in a bear market, OI tends to grow because shorting BTC during a bear market can be just as rewarding as buying coins at the bottom on spot and selling them at the cycle's peak.

Thanks

#bullishbounty lnbits https://video.nostr.build/848d759b524a0755034f5b6b27514429060cf41a50c0723085d72125a2af91fb.mp4

📊 UPDATE: #Bitcoin ETFs see record $671.9M outflows in a single day as $BTC price dips and $1B+ is liquidated marketwide.

Happy Friday. This is what you should know the morning of this December 20 to be informed 👇

🔵 #Bitcoin has fallen to the level of $94,800. It is down more than 12% from the peak of $108,300.

🔵 Yesterday there was a record of capital outflows in ETFs. Nearly $700 million was withdrawn in just one day.

🔵 On-chain data suggests that the bullish cycle is far from over. Despite the current correction, there is still "fuel" for several months, says Glassnode.

🔵 El Salvador takes advantage of the fall and buys 1 million dollars in BTC. After the agreement with the IMF, the news took many by surprise.

🔵 Craig Wright, known as the fake Satoshi, has been sentenced to one year in prison. If he meets certain conditions imposed by the court, he would not go to jail for two years.

🔥 TODAY: Metaplanet to issue ¥5B in bonds to buy more Bitcoin.

Craig Wright ha sido condenado a 12 meses de prisión, con suspensión de la pena durante dos años, por desacato al tribunal en relación con una demanda judicial de £900,000M de libras.

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🇺🇸 NEW: MARA acquired 15,574 $BTC for $1.53 billion, at an average price of $98,529 per Bitcoin.

The price of Bitcoin mining machines in Shenzhen, China, soared 30% from last year amid the BTC price boom, with buyers mainly from the US, Canada and Russia.

JUST IN: 🇸🇻 El Salvador says it will continue buying Bitcoin, possibly at an accelerated pace for its strategic reserve

GM 🫂✨

🇺🇸 BREAKING: The Federal Reserve has cut interest rates by 25bps.

🕵 7,999 #BTC (~$839 million) transferred from Coinbase to unknown new wallet

🇺🇸🗣 #BTC #MSTR Microstrategy CEO expressed his readiness to help the president with Bitcoin and other cryptocurrencies in a new interview with Bloomberg.

https://video.nostr.build/6ecee448f5934b37e766ceafee1dc27b757b81968a26ffd621edc0afa3358fc7.mp4

Michael Saylor says he is willing to advise US President-elect Trump on #Bitcoin

The current cycle compared to previous cycles, which currently follows a 4-year cycle, has not changed at all.‌

On this day, 11 years ago, Michael Saylor said that #Bitcoin's days were numbered.

Today, in 2024, his company is the largest accumulator of BTC among publicly traded companies.

And Saylor?

Distinguished ambassador of institutional investment in bitcoin.