$BTC The most interesting Bitcoin data today
The engine of the current rally: The sudden jump of more than 11% in just a few days was driven by the fact that the U.S. Treasury doubled its long-term debt buybacks (injecting liquidity into the market) and because President Trump publicly demanded that Congress approve the Clarity Act to regulate cryptocurrencies favorably.
A million-dollar "cleanup": Bitcoin’s lightning-fast advance shattered the bets of bearish investors, triggering the forced liquidation of more than $1,400 million in short positions within just a few hours.
The mysterious whale: Analysts found that between August 19 and 22, a single massive wallet ("whale") sold 7,700 BTC (about $576 million). Despite that enormous selling pressure, the market absorbed all the supply and the price kept rising.
Unchanging mathematics: No matter how much demand exists today, there will only ever be a historical maximum of 21 million bitcoins in all of history. More than 19.7 million have already been mined, which underscores its digital scarcity as large institutional funds move in.
#BTC
The engine of the current rally: The sudden jump of more than 11% in just a few days was driven by the fact that the U.S. Treasury doubled its long-term debt buybacks (injecting liquidity into the market) and because President Trump publicly demanded that Congress approve the Clarity Act to regulate cryptocurrencies favorably.
A million-dollar "cleanup": Bitcoin’s lightning-fast advance shattered the bets of bearish investors, triggering the forced liquidation of more than $1,400 million in short positions within just a few hours.
The mysterious whale: Analysts found that between August 19 and 22, a single massive wallet ("whale") sold 7,700 BTC (about $576 million). Despite that enormous selling pressure, the market absorbed all the supply and the price kept rising.
Unchanging mathematics: No matter how much demand exists today, there will only ever be a historical maximum of 21 million bitcoins in all of history. More than 19.7 million have already been mined, which underscores its digital scarcity as large institutional funds move in.
#BTC
