price ripping
mempools empty
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Replies (27)
1) why
That actually makes a lot of sense because there’s nothing in the code references the price. 🤙
Time to op_return @poststr
Free transactions for everyone!
OTC desks on fire.
This really is gonna be a great movie. @ODELL
... Who do you think will play you?
Because most people trade on centralized exchanges, no transactions on-chain for those trades.
WHAT HAPPENED TO ALL CAPS ODELL
Everything is still on exchanges?
Institutional adoption.
Why!
It’s all paper bitcoin sitting on exchanges
gave up caps for lent
WEN CAPS BACK
Demand on exchange not on chain. Trading paper
Oh I see. Makes sense. Cucks then, huh?
Maybe I shouldn't be placing buy orders right now 😂🤔
Even with all those steaks and shakes being bought?!?
for each of one of us on nostr
there are 1000 normies on CEX who buy when it goes up
View quoted note →
Fill it up and pull those sats off the exchange!
Hmmm wonder how this affects UTXOracle
Because most of the volume is through ETF now so not a lot of on chain movement between wallets.
That’s all I keep trying to wrap my head around.
Massive buying, but few are moving.
I don’t delve into on-chain analysis anymore, but I’m wondering about on-exchange vs off-exchange. Has it veered very far lately?
Maxis surely need to push Self-Custody hard, right now.
Otherwise it’s likely to slip away.
But that will need to be done by the blue-checks and the thumbnail-jockeys I suppose.
Context
yes, and a lot of people this cycle are buying bitcoin stocks instead of real bitcoin
it is under appreciated that 90% of bitcoin bought on strike is withdrawn to self custody
BTC treasury companies scaling bitcoin was not in anyone’s bingo card for 2025
No complaints here
There is no scalability problem 👍
#Bitcoin has crossed the rubicon and retail still remains largely unaware. We are so early!