BlockchainTek
1.1K posts





Bitcoin lost trend in January Stocks lost trend early March GOLD LOSES TREND TODAY




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A new release candidate of Bitcoin Core, v31.0rc1, is available for testing. This is a new major release, and follows v30.2. Work-in-progress release notes are here: github.com/bitcoin-core/b… Binaries are available here: bitcoincore.org/bin/bitcoin-co…


JUST IN: 🇺🇸 SEC issues new guidance confirming most crypto assets are not securities, clarifying rules for staking, mining, and airdrops







Fundamentals continue their local strength which opens the door to mid-80s, which is the cost basis of short term holders. Futures markets have been powering this move, these are shorter term buyers. This type of liquidity has draw backs, including whipsaw price movements to hunt liquidations. Beware this will be a bull trap, the bottom structure has not formed yet. From the liquidity picture I'm looking at we are around 1/3 of the way through the bear market.


Despite a local rejection of mid-70s, investor flows have been in consistent recovery since mid-Feb. Meanwhile expected volatility (VIX) on equities is hinting for a switch to "risk on" in coming weeks. BTC sold off WAY TOO FAST in this early bear market and current conditions are setting up to test mid-80s which is the cost basis of short term investors. This is NOT me saying the bottom is in. BTC is solidly in the middle of its bear market through a lens of long range liquidity. Typically, after fast downward flushes like we have had BTC likes to go sideways and mount a rally where resistance is tested. Bull trap forming.



NEW: "BIP-110 is an intentional literal downgrade," says Adam Back.






