After falling -3% from $108,697 USD yesterday,
BTC has risen from $105,389 USD to $108,055 USD.
I like to keep an eye on the price of BTC and after being stuck in a hot brisket cooker for the past 7 days, I could only sleep 4 hours. I had to get up and take a cold bath, and I turned the cooling fan on again. This will be a recovery day for me, but also a chance to watch the BTC price.
BTC only needs to rise +5% from here
to break through the $112,000 Ceiling.
I saw articles last night about BTC outflow from exchanges. Supply crunch!
BTC market cap dominance is 62.61%, up from 62.41% 2 days ago.
There are 1,113,509 BTC left to mine, with just 1016 days left until the next halving on April 13 2028 when Block Rewards will decrease to 1.5625 coins per block!
After a USDT dominated June, it looks like BTC volume is starting to take over again.
225,640 ₿ traded in the past 24 hours, just 187,838 ₿ worth of USDT, 126,354 ₿ of ETH, etc.
It also appears BCH made a sneaky +26.2% run in June, up to $504.58 USD.
https://www.coingecko.com/en/coins/bitcoin-cash
Will the real BTC pls stand up? Jk I sold my BCH after the fork. Until a use case is found for BCH's adaptively large 32MB blocks, it's kinda boring. Maybe we can use it for file storage?
https://www.coingecko.com/en/coins/bitcoin-cash
'Storing a 32MB file would require splitting it into thousands of small chunks, each written into separate transactions (or outputs), then including all those transactions in a single block. This is technically possible but highly impractical due to cost, complexity, and miner policies.'*P
https://www.coingecko.com/en/coins/filecoin
BTC continues to trade higher, traders seeking Liquidity. But where is it to be found?
https://bitcointicker.co/stamp/btc/usd/AllTime/
will we see Green in July, Red in August and Green in September again?
https://www.tradingview.com/symbols/BTCUSDT/?timeframe=ALL
This just looks like one big candle to me. Allegedly, according to the stats, there are just 55,231,620 addresses. That's just 0.67% of the global population, assuming each BTC address is one individual. If you own BTC you are the new 1% ! Out of these, about 22.8 million addresses each hold between 0.001 and 1 Bitcoin. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Is this a good time to buy BTC? It's always a good time, since Supply > Price.
https://charts.bitbo.io/stock-to-flow/
Stock to flow suggests this cycle is not over yet.
Will you buy this dip? Have a great day!
I started buying btc recently and now it keeps going up haha
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$109,555 USD
4:20 AM PST and BTC is $109,690 USD.
I'm glad to own a sliver of BTC.
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