It's kind of annoying me that Bitcoin is still selling for $16k-ish, even in the wake of all of this FTX news. I mean I assume the volume is low, but what on earth will it take to properly crush this zombie "currency" back to its rightful value of nearly zero?For example, Daniel Knowles, a correspondent at The Economist, says the 26th largest tradable asset in the world with a $322 billion market capitalization is “astonishingly useless and wasteful.
It is worth highlighting that Bitcoin has been trying to break above $17,000 for the past seven days, so there is certainly a lack of appetite from buyers above that level. The most likely reason is that investors fear contagion risks, similar to what was seen with Genesis Block, theto halt service due to liquidity concerns. According to recent reports, the company announced plans to cease trading and shutter operations.
In healthy markets, futures should trade at a 4% to 8% annualized premium, which is enough to compensate for the risks plus the cost of capital.Considering the data above, it is evident that derivatives traders flipped bearish on Nov. 9, as the Bitcoin futures premium entered backwardation, meaning the demand for shorts — bearish bets — is extremely high. This data reflects professional traders’ unwillingness to add leveraged long positions despite the inverted cost.
I think we will see a recovery in the near future. This is a great opportunity to spend usdt to buy bitcoin
Because bitcoin is valued in the market
We can expect increasing numbers of critics to say BTC is a 'pure Ponzi'. Because it is.
We can expect BTCtoZero.
For now, I'll just wait. There is no point in panicking.
A drop!
King BTC$
Bcuz it is bitcoin not a shitcoin
16K sounds like a great price for spending my USDT on it.
Bitcoin is a peer to peer payment method of pure truth, encapsulated by encrypted digital energy, thermodynamically bound to the laws of physics and backed by energy itself I don’t think a few opinions of people that haven’t put in their 10,000h, will change anything about this.
Exit crypto market Back to stock market or gold
genZGals new collection
funny timing of this tweet, given the fact that BTC is clearly going to break and bulls gonna get trapped
Becoz traders are 'wiz who love to take risk'
Btc at 13509
Let it drop so we can buy buy buy
Realistically speaking, it’ll likely follow the trends of the broader market. So watching Fed movements, CPI numbers, etc. will be the best indicators.
target 14300$ if...
Sub - 13k
Good, normally means bottom is near or already in.
$100k soon
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