The volume of #bitcoin traded on the spot and futures markets has fallen dramatically, by 94% and 73%, respectively.
Quant analytics believes that this indicates decreased market liquidity because trade volume frequently moves in direct proportion to liquidity.
Because investors are being cautious, the decline in liquidity explains why prices have struggled to rise.
From a broad perspective, experts claim that BTC suggests a sharp decline, with the $25,229 level being pivotal.
According to data from CoinMarketCap, the amount of Bitcoin (BTC) moved within the last 24 hours has decreased significantly. The indicator shows how much BTC was traded during that time. The volume of any cryptocurrency asset is the sum of all spot trading volume for that asset over the previous 24 hours as recorded by all exchanges.
decreasing market liquidity for bitcoin, which restrains price increase
On-chain market intelligence data According to CryptoQuant, since March 2023, the volume of Bitcoin traded on spot and derivatives markets has significantly decreased. From the beginning of the year, the spot market has decreased by 94% while the derivatives or futures market has decreased by 73%.

Investors are being extra cautious as a result of the decline in trading volume over the months, which indicates a significant and unstable scenario in the current market. Importantly, the market has traded in a constrained range over the past few weeks with little volatility. There were few opportunities for traders to take action due to the impassible price changes that were closely spaced inside a narrow range.
This is supported by data from CoinMarketCap, which shows that the spot market's value fell by 33% over the previous day to $10.36 billion.

It is vital to note that one of the key factors affecting liquidity is trading volume, both in spot and derivatives markets.
Investors switching to the weekend mood, which historically is characterised by low trading volumes as retail traders back off, may be to blame for the decrease in trading volume on a 24-hour basis. Over the weekend, large holders typically assume control, and prices are vulnerable to large swings even in the face of tiny transactions due to low volumes and poor liquidity.
Another potential explanation for the decreased trading volume is that investors who benefited from the 10% increase that occurred between September 12 and 19 have paused to rethink the market's next course of action.
Because the market is more volatile when there is insufficient liquidity, cost and risk factors increase. Despite the magnitude of individual transactions, a lack of buyers and sellers generally results in larger price volatility. Moreover, transaction costs increase because taking on and leaving a position sometimes implies paying a higher "spread" cost.
According to experts, BTC suggests a sharp drop from a broad perspective, with the $25,229 level being crucial, as the declining liquidity limits the rising potential of the Bitcoin price. The start of a bearish trend for the crypto king will be confirmed with a clear break below this support level.

#CoinMarketCap reports that bitcoin's (BTC) price has hardly moved this week, increasing by only 0.25 percent in seven days. The leading #cryptocurrency reacted as predicted, keeping its price above $27,000, following Wednesday's news that federal interest rates will remain at their present level.
Yet, #bitcoin 's value has dropped by about 2% during the past two days. Now that the most valuable blockchain asset is trading over $26,500, crypto expert Captain Faibik has forecasted a bullish run that might bring Bitcoin (BTC) to new heights by the end of 2023.
On Saturday, Analyst shared his Bitcoin price prediction with his 65,000 followers. According to the analyst's Tradingview data, Bitcoin has been consolidating in a falling wedge since March of 2023.
Faibik predicts that the asset will stay in this wedge all through the month of October, perhaps dropping to a low of $23,000. Faibik believes Bitcoin's price will test this level and then break out, starting a powerful bullish run.
In other Bitcoin market data, the total holdings of Bitcoin addresses with less than 100 BTC have climbed.

According on information provided by Santiment, these wallet addresses have amassed a record 41.1% of Bitcoin's total supply, having initially obtained 2.4% in October 2022.
Meanwhile, BTC whales, defined as addresses possessing 100-100,000 BTC, have dumped 0.9% of BTC since early June and currently account for 55.5% of BTC's available supply, their lowest level of market dominance since May.

As of this writing, one bitcoin can be purchased for about $26,574, a decrease of about 0.07% from the day before. The $9.17 billion market cap and daily trading volume of the coin are both down 29.50 percent. Bitcoin continues to be the most valuable cryptocurrency, with a current market worth of $517.19 billion.

In the world of cryptocurrencies, Bitcoin stands as the undisputed king. Yet, as Bitcoin continues its ascent into mainstream finance, it faces a formidable obstacle that could hinder its future growth. Bitcoin analyst Willy Woo, followed by a million crypto enthusiasts on social media, recently raised concerns about the cryptocurrency's liquidity. Woo shared a revealing chart that highlights the growing ratio between "paper" Bitcoin, represented by derivatives, and actual liquid coins.
Paper Bitcoin Phenomenon
Woo's analysis begins with a stark observation—the rise of Bitcoin derivatives. These financial instruments, often used for speculative purposes, have gained prominence in the crypto ecosystem. They represent "paper" Bitcoin, which exists only in the digital realm, and are traded on various platforms. The ratio of paper Bitcoin to the actual liquid coins in circulation has been steadily increasing, and this trend raises significant concerns.
Liquidity Drain and Price Manipulation
One of the primary concerns voiced by Willy Woo is that the proliferation of Bitcoin derivatives is siphoning away liquidity from the actual Bitcoin market. This liquidity drain opens the door to potential price manipulation and weaker rallies. Unlike Bitcoin, which has a finite supply, US dollars (USD) are abundant and readily available to investors. Large players in the crypto space can utilize substantial capital to exert inorganic sell pressure on Bitcoin, affecting its price dynamics.
Enemy Within: Futures Markets
Woo goes on to assert that the growing presence of futures markets poses a significant challenge to Bitcoin. These markets allow institutions that do not possess Bitcoin to exert selling pressure as long as they have substantial holdings of USD. Woo argues that this dynamic has played a role in reducing the dramatic rallies that Bitcoin experienced in its early days. The emergence of futures markets marked a turning point, altering the trajectory of Bitcoin's price movements.
Struggle for Spot Liquidity
In his analysis, Woo points out a critical issue—the disparity between daily trading volumes in futures markets compared to spot markets. Futures trading volumes vastly overshadow those of spot markets, resulting in a situation where spot markets seem to orbit the gravitational pull of futures markets. Woo even suggests that this dominance of futures markets may have contributed to the prolonged delay in the approval of a Bitcoin exchange-traded fund (ETF).
In Summary
The cryptocurrency landscape is evolving rapidly, and Bitcoin, as the pioneer, faces its share of challenges. The growth of Bitcoin derivatives and their impact on liquidity raise questions about the cryptocurrency's future trajectory. While Bitcoin continues to capture the imagination of investors worldwide, it must navigate these challenges to maintain its position as the king of cryptocurrencies. Willy Woo's insights serve as a reminder that even the mightiest can face obstacles on their path to success in the ever-changing world of finance.
#bitcoin #cryptocurrency #WillyWoo #ETF $BTC #BTC

The next Bitcoin halving event is expected to occur in April 2024. This event will reduce the block reward for miners by half, from 6.25 BTC to 3.125 BTC. Halving events occur every 210,000 blocks, or approximately every four years, and are an important part of Bitcoin's economic model.Why is the Bitcoin halving event important?The Bitcoin halving event is important for a number of reasons.It controls inflation. Bitcoin has a fixed supply of 21 million coins. The halving event helps to control inflation by reducing the rate at which new bitcoins are created. This makes Bitcoin more attractive to investors who are looking for a store of value.It increases the scarcity of Bitcoin. As the number of new bitcoins being created decreases, the existing supply of bitcoins becomes more scarce. This can lead to an increase in the price of Bitcoin, as investors compete to buy a limited supply of a valuable asset.It signals the growth of the Bitcoin network. The halving event is a reminder that the Bitcoin network is growing and maturing. As the network grows, it becomes more secure and more valuable.Do's and don'ts of the Bitcoin halving eventDo's:Do your own research. Before investing in Bitcoin, it is important to do your own research and understand the risks involved. The Bitcoin market is volatile and can be affected by a number of factors.Have a long-term investment horizon. Bitcoin is a long-term investment. If you are investing in Bitcoin, you should be prepared to hold your investment for several years.Invest what you can afford to lose. You should only invest money that you can afford to lose. Bitcoin is a volatile asset, and there is always the risk of losing your investment.Don'ts:Don't invest based on hype.Bitcoin is a popular investment, and there is a lot of hype surrounding it. However, it is important to remember that Bitcoin is a risky asset. You should not invest in Bitcoin based on hype alone.Don't panic sell. The Bitcoin market is volatile, and there will be times when the price of Bitcoin falls sharply. However, you should not panic sell your Bitcoin. If you have a long-term investment horizon, you should be prepared to hold your Bitcoin through market volatility.Don't invest with money that you need for other expenses. You should only invest money that you can afford to lose. You should not invest money that you need for other expenses, such as rent, food, or tuition.ConclusionThe Bitcoin halving event is an important event for the Bitcoin ecosystem. It helps to control inflation, increase the scarcity of Bitcoin, and signal the growth of the network.If you are considering investing in Bitcoin, it is important to do your own research and understand the risks involved. You should also have a long-term investment horizon and only invest money that you can afford to lose.#crypto2023 #BTC #Layer2 #bitcoin #Binance

In the ever-volatile world of cryptocurrency, one pseudonymous trader and analyst has been making waves with his remarkably accurate calls on Bitcoin. Known as Dave the Wave, he has gained a substantial following of 140,000 crypto enthusiasts on the social media platform X. Dave's latest prediction revolves around Bitcoin's monthly moving average convergence divergence (MACD) indicator, which he believes is signaling the onset of a bullish trend in 2024.
Power of the MACD Indicator
The MACD (Moving Average Convergence Divergence) is a widely used momentum indicator in the world of finance and trading. It's a tool that helps traders identify potential trend reversals in assets like Bitcoin. When the MACD crosses above the signal line, it suggests a bullish trend, while a cross below indicates a bearish trend. According to Dave the Wave, Bitcoin's MACD has not only crossed bullishly but has also fully reset into underbought, bullish territory. This could be a strong indication that Bitcoin is gearing up for a significant bull run in the coming year.
LGC Model: Filtering out Noise
Dave the Wave doesn't rely solely on the MACD indicator; he has developed his own unique approach called the Logarithmic Growth Curves (LGC) model. This model is designed to track the highs and lows of Bitcoin's long-term market cycles while filtering out the short-term volatility and noise that often plagues cryptocurrency markets. For the past 15 months, BTC has been trading within what Dave calls the "buy zone" of the LGC model, hinting at a promising future for long-term investors.
Patience in the Buy Zone
While Dave the Wave paints a bullish picture for Bitcoin in the long term, he acknowledges that short-term volatility is still a possibility. He cautions that the cryptocurrency market can experience periods of consolidation that may unsettle some investors. However, for those who subscribe to the LGC model, these short-term fluctuations are simply part of the journey. Dave suggests that Bitcoin remains in the buy zone for longer-term investors, emphasizing the importance of patience and a strategic perspective.
Looking Ahead to 2024
Dave the Wave's prediction points to an exciting year ahead for Bitcoin enthusiasts. With the MACD indicator signaling a bullish trend and the LGC model indicating a prolonged stay in the buy zone, he believes that 2024 could be a pivotal year for the cryptocurrency. While short-term fluctuations may occur, Dave's confidence in his models provides a sense of optimism for those who believe in the long-term potential of Bitcoin.
In Summary
Dave the Wave's analysis offers a glimpse into the potential future of Bitcoin, and his combination of the MACD indicator and the LGC model provides a comprehensive perspective for both short-term and long-term investors. As the cryptocurrency market continues to evolve, Dave's insights remind us of the importance of careful analysis and strategic thinking in navigating the crypto landscape.

Did you know you can earn Bitcoin by playing Minecraft? Satlantis, a Minecraft server, allows users to earn satoshis (sats) while gaming. Players can join a virtual mining pool that pays real sats to players every 10 minutes.
A satoshi is the smallest unit of Bitcoin, with each Bitcoin containing 100 million satoshis. According to the startup Zebedee, which created the technology to power the third-party server, over 1 million satoshis (about $300) are distributed every week.
How do you get involved? How does it work? And how much can you really earn? We've spent countless hours in the game to help you get started, both through text and video. Check out the step-by-step guide below.
How to Earn Bitcoin in Minecraft
Satlantis is a Minecraft server accessible via Minecraft: Java Edition on computers. The server's IP is play.satlantis.net.
Anyone can join Satlantis and play, but to earn Bitcoin, you must obtain a virtual ASIC miner — the same kind used for real Bitcoin mining — and then supply it with emeralds. This will increase your hashrate (seen on the right side of the screen), which enters you into a drawing every 10 minutes to win satoshis.
The lowest-tier ASIC miner adds 10 to your hashrate, but you can acquire an ASIC miner that produces up to 45 hashrate.
To calculate your chances of winning, divide your hashrate by the global hashrate displayed on the screen and then multiply by 100. During our short gaming period, we managed to achieve a maximum hashrate of 30 with a global hashrate of 52,630. This means we had a 0.057% chance of winning Bitcoin every 10 minutes.
While ASIC miners are the primary way to earn sats in the game, you can also trade to get Bitcoin. There is a market available where users sell everything from simple items like clay to rarer ones like insect wings — this is how we acquired our ASIC miners!
However, don't be fooled by market prices! What may seem like $2,000 actually means 2,000 sats — which is currently just over $0.50.
How to Get an ASIC Miner in Satlantis
There are two ways to obtain ASIC miners in Satlantis: through the battle pass, which involves rewards, or from the market. The battle pass, accessible by typing "/bp" in the game's chat, is available in both free and paid versions.
In the 3rd season, the current season at the time of writing, you need to reach level 51 in the free battle pass to obtain an "Elliptic Key," which allows you to get an ASIC miner through an "Elliptic Crate."
If 51 levels of a free battle pass seem a bit too intense for you, the premium battle pass offers an elliptic key at level 10. A premium battle pass costs $40 via Stripe or 120,000 satoshis — approximately $33 at current values.
To increase your battle pass level, you actually need to actively work on it — your missions are rarely completed as a byproduct of regular gameplay.
There are fun missions, like "Where's Waldo?" where you must find Waldo hidden somewhere in the world. But there are also more challenging missions, such as "Deal 10,000 points of damage to a player."
After playing for a while, we decided to take a shortcut and buy some ASIC miners directly from the market.
First, we had to deposit money into Satlantis. This is done by typing "/deposit" and sending Bitcoin via the Lightning Network to the address displayed on the screen through a QR code.
We loaded $9, which gave us 32,999 sats, and bought three virtual ASIC S10 miners for 29,000 sats each.
How to Fuel the ASICs
To make your ASIC miner produce hashrate, it must be fueled with an emerald. You don't need to be logged in to produce hashrate or collect rewards, so the game can run in the background while you do other things on your PC.
The maximum number of emeralds you can put in an ASIC is 64 per fuel slot. This merely extends the amount of time your virtual device will produce hashrate — it was 18 hours, three minutes, and 20 seconds for our S10.
It's essential to note that you don't obtain emeralds the same way you would in vanilla Minecraft. Instead, there are traders in the lobby who will exchange ores and sugar cane for emeralds.
With exchange rates of 32 diamonds for 16 emeralds, you'd be forgiven for thinking that securing stacks of 64 emeralds is unattainable. But you'd be wrong.
By typing "/mines" in the chat, you'll be teleported to a crazy mine system with an abundance of all the ores you need. In these mines, we managed to get two stacks of 64 diamonds in 20 minutes.
You can take things to the next level by entering the diamond mines. To get there, you must complete an incredibly challenging parkour course. If you want to make things easier, buy an "elytra" (a set of wings) and fly down — we finally did this.
Once down there, you'll find plenty of mushrooms (great for making soup), mobs (also known as enemy creatures, for completing missions), and Poseidon's tomb.
In this tomb, there is an incredible amount of ores to mine. It can be a bit overwhelming when you first enter, but not everything is straightforward as you'll have to fend off mobs.
How Much Can You Earn?
Over four days of sporadic play on the Satlantis server, we managed to keep our three ASIC S10 miners running for about 41 hours in total.
For most of that period, we didn't earn any Bitcoin. We were in our last hour of fuel with the game running in the background when we suddenly won the drawing.
We won 16,034 sats during our time on the server. At the time of writing this article, that was just over $4, which means we're almost halfway to recovering our initial investment.
How to Withdraw Bitcoin from Satlantis
When you're ready to withdraw, simply type "/withdraw" followed by the amount you want to withdraw. Then, you'll be prompted to enter your Lightning Network address. After doing that, you'll need to wait up to 48 hours for the transaction to be processed.
The Satlantis server is an intriguing way for gamers to earn Bitcoin while playing one of the most popular games of all time.
Getting started can be challenging, but the guide above should help you navigate — and don't hesitate to ask questions in the server's Discord or in the in-game chat, as the community seems to support newcomers quite well.
#bitcoin

A reversal in the trend of this on-chain ratio may be necessary for the #bitcoin bull run to begin in earnest.
The BTC ratio may provide clues as to when the next bull run in the #cryptocurrency may begin, as detailed by expert James V. Straten in an article on X.
Realized HODL ratio is an indicator that compares the value held by investors who have held for at least six months to three years to the value owned by investors who have held for one day to three months.
These ex-investors are a subset of the more general LTH demographic. This subset of LTHs may be called "single cycle LTHs" since their holding period is less than a full Bitcoin cycle (typically four years).

The "short-term holder" (STH) population's youngest members are the investors who have held for between one day and three months. Six months is the cutoff for the whole STH group, which is also where the LTH group begins.
The ratio of those holding onto their investments is useful since it shows how the market's money is being distributed between these two groups.
Here's a graph depicting the evolution of the Bitcoin RHODL ratio through time:
Rate of Holding Bitcoin Forever
The Bitcoin ratio has had a consistent behaviour across all Bitcoin cycles, as shown in the above graph. During the peak of a bull market, the measure inevitably falls to its lowest point before beginning an ascent.
Since the bear market causes the STHs to abandon the asset and sell, the LTHs are able to accumulate more at the reduced prices, representing a capital rotation towards the LTHs.
The LTHs will keep piling in until the market bottoms out. The ratio has always peaked at the same time as the price cycle bottomed, as seen by the graph.
STHs re-enter the market and increase their holdings as a result of the relief rally that follows the worst phase of a bear market, while some LTHs sell their coins to cash in on their winnings.
Straten has pointed out in the graph how the indicator has been falling precipitously over the past few months, mirroring its behaviour shortly before previous bull markets.
Yet, as shown by the circles, the indicator often exhibits a dead cat bounce while falling. Recent upward momentum in the indicator may indicate the recurrence of the dead cat bounce pattern.
When the Bitcoin RHODL ratio follows this pattern and begins to decline again, we may expect a genuine bull market to ensue. This time around, a similar reversal could be the one to keep an eye out for, since it might trigger the next bull run.
Bitcoin Value
Bitcoin's price has been relatively stable since yesterday's collapse, hovering around the $26,600 level.
BTC Price Graph

According to BTC.com data, there are currently 149,404 unconfirmed transactions on the Bitcoin network, with a total network hash rate of 406.02EH/s and a 24-hour transaction rate of 6.36 transactions/s. The current network difficulty is 57.12T, and the next difficulty adjustment is predicted to increase by 1.82% to 58.16T, which is 8 days and 18 hours away.
#bitcoin