A Babylon staking retry looked fine on paper, but the part that bothered me was what happened after.
The BTC was still there. Nothing was lost. But the mental model changed.
I used to think dormant Bitcoin was simple because the only action required was no action. Hold it, secure it, wait. The moment BTC starts participating in another process, even a controlled one, small operational questions appear.
Who is responsible when timing doesn’t match expectations?
That is the part I keep coming back...
$BTC continues to hold above the crucial 21-Day and 50-Day MA's.
This is a strong signal for the markets to be betting on the long side of this asset, however, it's still a little fragile.
I'd much prefer to see a strong move to $66,000-67,000 over the next 1-3 days to see a continuous bid coming in.
Wednesday: FOMC meeting, usually a risk-off appetite prior to the event and then a risk-on appetite after.
If $67,000 breaks, the path towards $73,000-75,000 seems imminent.
#bitcoin #BTC #Trend...