❗️Bitcoin mining revenues have fallen to a record low level.
🤔 The hash rate index has dropped to approximately 3 cents per terahash. For comparison: in 2017, this figure was $3.5. Also, the two-week mining difficulty metrics are expected to decrease by more than 13%, indicating one of the most significant declines since 2021.
📍This will result in miners having to sell their BTC reserves to cover operational costs. #биткоин #майнинг #BTC
👉 $60,000 was a psychological mark as it is the strongest support level from which we see a reaction in the form of a bounce. Globally, nothing changes; the trend remains downward! How much and where else to fall was covered in the video on the channel "Person from the Future."
📍Short-term, I can assume a rise to $69,500 - $74,000, where I will consider new short positions… #btc #биткоин
🔥 And here is the global target of $60,000 reached.
🧐 The reaction (bounce) is stronger than from the higher level, but it is clear that these were previously set buckets that fill up quickly and the BTC price continues to deflate...
📍After such a deep dive, there should be at least some trading, so for now, I'm closing all my shorts and observing! #btc #биткоин
🔥 What can I say, it worked perfectly! From here it gets worse…
😎 I managed to earn more on this drop than on the main portfolio for the entire previous cycle, thanks to leverage.
🧐 The situation in the crypto market is critical right now! BTC is very close to the mark of ~$75 000 - the cost price of the Strategy purchases. When the company goes into the red, FUD will start and a drop to $60 000 (in the best case) will follow. We might see trading around $77 000 - $80 000 now, if not, the drop will accelerate! #btc #bitcoin
🧐 For the first time in this cycle, a sharp decline in the market capitalization of stablecoins (ERC-20) is recorded. Their total capitalization dropped by $7 billion in just one week, from $162 billion to $155 billion.
💁♂️ A negative signal, explained by the fact that some investors prefer to completely exit the cryptocurrency market, which continues to correct, while precious metals continue to rise, and stock markets maintain a strong upward trend. #btc #USDT
❗️After BTC fell below $90,000, profitability indicators went into negative territory, signaling the asset's entry into an "early bear market" - CryptoQuant.
🧐 Annual net realized profits sharply decreased - from 4.4 million BTC to the current 2.5 million BTC. Such levels were last observed in March 2022.
👉 Net realized losses follow the same pattern, signaling a weakening of Bitcoin's price strength. #btc #bitcoin