A friend asked me: “Bitcoin’s on-chain locked value rose by $1.638 billion in 7 days. What does that mean?”
My take: Maybe more people have been using DeFi on Bitcoin during this period, or maybe rising prices of on-chain assets simply pushed the locked value higher. You can’t tell just by looking at the locked value. But whether $BTC will move along with it is another question.
Vote in the comments: bullish or bearish?
It’s your money. You’re in control.
My take: Maybe more people have been using DeFi on Bitcoin during this period, or maybe rising prices of on-chain assets simply pushed the locked value higher. You can’t tell just by looking at the locked value. But whether $BTC will move along with it is another question.
Vote in the comments: bullish or bearish?
It’s your money. You’re in control.
