Oct 28, · On Wednesday, Bitcoin evangelist and Wall Street investor Raoul Pal published a series of charts that pitted the cryptocurrency against major financial markets.. Every graph appeared identical to one another, for they showed how the mainstream assets/indexes were trending lower against Bitcoin, to a point where they all tested a medium-term support trendline. As we know, Bitcoin (BTC) liquidity has been quickly vanishing from the exchanges. Most of it is likely going to cold storage after massive institutional Bitcoin OTC deals in the last few months. M BTC is held by illiquid entities – that is 78% (!) of the current supply. Nov 20, · The crypto market is showing resilience, with any dips in the BTC price getting filled up immediately. Bitcoin is holding firm above $18,, on track to retest the high set early this week and then onto $20, Charlie Bilello, founder, and CEO of Compound Capital Advisors, noted, “During the last 3 months of , Bitcoin hit a new all-time high once every 3 days, on average.
Liquidity of bitcoin marketAre Whales Controlling the Bitcoin Move or 'Liquidity Crunch' Caused by Miners?
It shows the price of BTC and the supply of Bitcoin on exchanges over a macro time frame. Schultze Kraft and others see this as a sign that Bitcoin is in the midst of a supply and liquidity crisis, which should push prices higher over time:. This is extremely bullish! And highly underrated. Earlier today, MicroStrategy confirmed that it has finished purchasing 30, Bitcoin:.
MicroStrategy is just one of many corporate and institutional clients buying the leading cryptocurrency. Could you be next big winner? I consent to my submitted data being collected and stored. Past Year of Developer Activity All repos. About BTC. Currency USD. Previous Price Charts Social About All. Swap here! With supportive macro factors, hedge against inflation narrative, and good old FOMO, Bitcoin is enjoying an uptrend.
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.
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