If you're still panic-selling $BTC over a one-block reorg, stop now.
That habit has cost more traders money than the reorgs themselves. You dump on the Bitcoin-is-under-attack headline, park in $USDT, then watch the chart ignore the entire episode and grind higher.
We've just logged the third single-block reorg in four weeks. Unusual? A bit. Catastrophic? Not even close. Two miners find a block at almost the same time, the network chooses a winner, one block gets orphaned. That's how proof of work has settled disputes since day one. Compare it to $ETH's old reorg circus or the chains that reorganize half a dozen blocks and shrug. Bitcoin's last real coordination crisis was 2013. We are not there.
The greed index is sitting at 69 and price is acting like it didn't even notice. Maybe the interesting part isn't the reorgs. Maybe it's how fast people still reach for the sell button.
Anyone else seeing this as statistical noise, or do you think pool behavior is getting sloppy?
#BitcoinThirdSingleBlockReorgInFourWeeks #BitcoinReboundsTo
That habit has cost more traders money than the reorgs themselves. You dump on the Bitcoin-is-under-attack headline, park in $USDT, then watch the chart ignore the entire episode and grind higher.
We've just logged the third single-block reorg in four weeks. Unusual? A bit. Catastrophic? Not even close. Two miners find a block at almost the same time, the network chooses a winner, one block gets orphaned. That's how proof of work has settled disputes since day one. Compare it to $ETH's old reorg circus or the chains that reorganize half a dozen blocks and shrug. Bitcoin's last real coordination crisis was 2013. We are not there.
The greed index is sitting at 69 and price is acting like it didn't even notice. Maybe the interesting part isn't the reorgs. Maybe it's how fast people still reach for the sell button.
Anyone else seeing this as statistical noise, or do you think pool behavior is getting sloppy?
#BitcoinThirdSingleBlockReorgInFourWeeks #BitcoinReboundsTo
