![]() Overall, Bitcoin open interest now stands at $13.8 billion, according to a recent tweet by Glassnode. Open interest is related to futures contracts that have not been settled yet and may signify a rise in Bitcoin trading volume as well as overall interest from the market toward crypto. ![]() The last time the little guy stacked this hard was 2017 ATH, buying the top.įive years later, they are stacking harder, faster, and in a more sustained manner, despite all the bullshit.īitcoin Suddenly Reclaims $31,000 as Open Interest Starts Exploding Bitcoin loses $31,000 levelĭuring the past 24 hours, the flagship digital currency lost nearly 2% of its market value, falling from the $31,200 zone back to $30,679.īitcoin regained the $31,000 level on July 4 as the value of open interest jumped by a staggering $300 million within merely two hours all of a sudden. ![]() This chart is the success of #Bitcoin education visualised via on-chain data. Now, he says, shrimps are stacking Sats "harder, faster, and in a more sustained manner," despite all the market turbulence. Therefore, as soon as each new BTC is issued, 1.25 BTC gets taken off the market by these shrimp-class investors.Ĭurrently, these investors hold 1.33 million Bitcoins, while buying BTC in an aggressive manner.Īccording to the analyst, the last time these holders bought BTC this hard was 2017, then Bitcoin reached an all-time peak of $20,000 for the first time in history, and they were buying the top. "Stacking harder and faster on tweeted that "shrimps" (holders that own less than one Bitcoin) have been stacking Satoshis recently at the rate of 33,800 BTC per month, while miners are issuing roughly 27,000 BTC monthly now.
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