
drumr_
9.7K posts

drumr_
@volpeLP
𝐰𝐫𝐨𝐧𝐠𝐭𝐡𝐢𝐧𝐤𝐞𝐫 #Bitcoin //music_producer




Your daily reminder that node existence does not imply anything about economic power. These are entirely meaningless numbers.










Bitcoin's options market just hit its most defensive positioning since June 2021. According to VanEck's latest ChainCheck report, the put/call open interest ratio averaged 0.77, its highest level in nearly five years. Put premiums relative to spot volume hit an all-time high of 4 basis points. The market has never been this hedged. The last time defensiveness peaked like this was June 2021. Bitcoin was at $30K. Six months later it hit $69K. On-chain data tells the same story. Transfer volume fell 31%. Daily fees dropped 27%. Long-term holders slowed distribution. Miners sold roughly all newly issued BTC. This is what capitulation looks like on a chart. But here is what matters: realized volatility dropped from 80 to 50. Futures funding rates fell from 4.1% to 2.7%. Spot prices stabilized even as the 30-day average cratered. The leverage is washing out. The weak hands are leaving. Every cycle, maximum fear precedes maximum opportunity. VanEck just put the data on paper.





@TheBTCTherapist Ah, bummer. Maybe you could monetize one of the other 3 Bitcoin accounts you use to cross-promote this account.


























