"Great minds have purposes; others have wishes."
 –Washington Irving

Powered by Wubits - better than X because it's real people, real connections, and real conversations.

READ

Welcome to Thursday Folks! Bitcoin is trading flat at $43,056.74. There is zero volatility as we approach the largest option expiry tomorrow in history of Bitcoin; it's the calm before the storm. Let's get on with the news...

SUMMARY

Yesterday, Puell Multiple and Kimchi Premium signaled strong resistance(8) and MicroStrategy picked up a further 14,620 bitcoin for $615 million (6). Today, a record $11B Crypto options expiry looms as BTC shows little volatility.(2)

Bitcoin price found support and started a decent increase above $43,000. BTC is rising, but it might struggle to clear the $44,300 and $44,500 resistance levels. A pattern in the supply of the Bitcoin long-term holders could provide some hints about when the next bull run might begin in earnest. Bitcoin dancing to its own tune, parting ways with movements of tech stocks for first time since early days of pandemic, per Barchart's latest data. BTC price dives $1.5K as Bitcoin analysts watch support levels.

Bloomberg Intelligence analyst Eric Balchunas says final agreements with authorized participants will be critical as issuers prep proposed BTC funds. Bitcoin spot ETF approval could be a 'sell the news' event: CryptoQuant.(2) Hashdex drops new ad spot ahead of potential spot Bitcoin ETF approval.

Vitalik Buterin is happy about his Ethereum scaling solution reaching stage 1. Buterin proposes reducing signatures on Ethereum to 8,192 per slot for technical simplification and improved quantum resistance.

Crypto users lost $1.8 billion in 2023 hacks and scams, Immunefi says.(2)

WATCH

LISTEN

Podcast of the Day: Solana: Time To Sell? l Mike Alfred | TWOAS