We shot up with incredible pace randomly, and unforseeably. We probably even have some nice stories to sell it too. However, Transactions just dropped to an all time low, and unless this data is manipulated, were in for a short!
It's an anomaly, what just happened. Manipulation. I don't open long or short, waiting for a real teeth-grinding knockout at 20-17k.
Shwayze
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@averkieskila, I just keep an eye on one thing, and I haven't seen it be wrong yet. Total Transactions just dropped even lower. This ones going for a dip.
@averkieskila, Total Transactions back to 220k, so its on the low end. I cannot get todays data for some reason.
osm0093
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This is what you get when institutions enter the market, they are trying to protect their funds
Shwayze
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@osm0093, I may be more on the conspiratorial side, but I believe institutions have been marketing Bitcoin to us since 2012. Bitcoin was Anonymous in 2016. And then of course, the great Defi accident, which somehow seems like a very well structured finance 2.0. I don't think we missed any banking products on this run.
MichielVan_Kets
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yeah, I don't expect a crash either, but we're not ready to shoot up already
it will be sluggish for a while, with a few more dips, at least close to 30k, and maybe even a few more dips below 30k ...