Futures Gap Record

On Monday, trading opens with the largest gap in the history of Bitcoin futures market in history - more than $ 1200.

Such gaps arise when the opening level of a new weekly trading session on the futures market differs significantly from the mark at which trading stopped at the end of the previous week.

On Friday, the BTC / USD rate at the CME Group futures auction stood at $ 9800.

Historically, the Bitcoin trend has evolved so that sooner or later all the gaps on the futures chart are “closed”, that is, trading took place in the gap range. In this case, a strong BTC recovery is required for this.

Hashrate supports Bitcoin's fundamental strength

According to statistics, despite the $ 1,200 weekend price dump, the hash rate remains at a record high.

According to Blockchain estimates, the BTC blockchain power score is currently 136 quintillion hashes per second (h / s).

Two days ago, the hashrate was 109 quintillion h / s, and since then it has grown by 24.7%, as opposed to a 15 percent dump of the exchange rate.

This Monday is the last day when miners will receive 12.5 BTC for the mined block. From Tuesday (in fact, even a little earlier), the reward will be 6.25 BTC.

Hyperinflation of a traditional economy

Strengthening the fundamental foundations of Bitcoin is happening at a time when the prospects for fiat money look increasingly uncertain.

According to Bloomberg, as a result of rampant printing of money to fight the coronavirus, the US and other large economies expect a serious surge in inflation.

Although the pandemic itself seems to be weakening, its real impact on the financial sector is only just beginning to emerge. For example, a few days ago, the US national debt for the first time in history reached $ 25 trillion:

How is the Stock-to-Flow model doing?

Despite the volatility of the BTC price in recent days, the dynamics of the leading cryptocurrency exchange rate is still in line with forecasts made by one of the most famous models in the industry.

According to the Stock-to-Flow model of a well-known PlanB analyst, the current BTC price in the middle of the 8-thousandth range corresponds to the forecast level. In other words, Bitcoin is doing well.

It is worth noting that even the March 50 percent dump of the BTC rate did not annul the Stock-to-Flow model.