BTC

getcoinline

ETF shares vs. owning BTC directly: an ETF in a brokerage or retirement account is simple and tax-friendly in some setups, but you can't withdraw or send it. Owning the coins means you can self-custody, but you're responsible for security. Neither is wrong; just know which one you're buying.

CeldrellMaxwell

The fact that BTC has held strong at a low of 75K despite all the terrible things that have happened in the past two weeks tells me NO. you’re dreaming. Institutions are holding and buying more

SavingsLettt

The correlation with US equities is getting harder to ignore. BTC isn't trading in isolation anymore.

omni_wisdumb

If you think investing in BTC in 2026 is the same as having invested in "the Internet" in 1995, then you're a clown. The 'internet" in these examples are companies, and they were invested in as startups, you also knew very quickly if it made it or not. Investing in BTC 17 years after it's inception is very very very different.

10kpizza

Yes thats not possible under this scheme. In that situation much better would be to move the coins before Q-day. Or use the DropKick scheme for recovery if your wallet has a seed phrase backup (which pretty much all wallets since 2013 do). This landmine idea looks like its mainly aimed at the 2009/10-era 50BTC mined coins which have never moved.

Potential-Royal-1704

Since the BTC address is real and the transactions when traced splits up and the last wallet has 23 BTC in it today just sitting there, I'd suggest you go to directory 'misc/turtle' (that's where the tortoise lives) and do a 'ls -a' command to see if there's any hidden files. Then check if there's multiple accounts on that laptop and check all their bash history. Proceed from there. Goodluck.

Doppelapfel007

or maybe he discovered BTC is not so stupid, and vanished.

gigasawblade

So you would have to have amount equal to the full wallet balance available or you can't move the funds? This doesn't sound good.. I mean imagine you have an old wallet with 100BTC and you want to transfer 0.001 out of it. Is it at all possible and what is the collateral under this proposal?

MrStarrrr

It is if you consider that you wouldn’t only be able to buy 7.6% of a car, you’d be able to buy the whole car still. For simplicity sake, say a nice car costs $76k, 1 BTC now. If I still have my $76k in USD when the cost of a nice new car is $1MM USD, I can’t buy the car. If I have 1 BTC and the price of BTC = $1MM USD, I can buy the car. If I purchased at a price point lower than $1MM USD then I have a positive rate of return *because* I can still purchase the same item. In this scenario, BTC is a hedge against inflation. We don’t know if that’ll be true or to what extent.

givemeyourbiscuitplz

I usually get attacked when I say that self custody of BTC is extremely complicated. It's only a very small fraction of the population who are willing to learn all there is to learn to do it. Over a certain age, forget about it. And here we see someone who's apparently tech savvy, with 10 years of experience, who lost an amount that could be soul crushing for a lot of people. So I'm sorry, but btc is still not safe, and will remain fringe technology probably forever. Another digital asset could be chosen as a world currency. BTC is mainly used for speculation, and let's be real, if there wasn't a possibility for huge gains 99% of you would not even look at it.

Embarrassed-Cat-3548

No but seriously- BTC is as valuable as the people think it is. Problem is that people are stupid

Necessary-Pair-6556

LMAO I had to laugh too man.. OP is one of those deluded minions who think BTC will take over the world and replace all fiat money.

ZedZeroth

> 888,300 BTC meant for the next 113 years of miners, pulled forward into the attacker's blocks Wow. Within what timeframe?

Bagmasterflash

It’s not that hard. Bitcoin was created to supplant the rotting macro economy. Everyone who bought the BTC lie is culpable in bring about all this crypto levered bullshit.

devCheckingIn

Because nobody wants to buy BTC.

cleanuponaisle4

This is exactly why BTC was created. Unfortunately, all I hear on the news is how much of a scam it is. Nobody talks about this use right here.

Next-Barber-6504

Bought 661 BTC at $75,600, and I'm currently up $235,126 usd :) ... \*On my paper trading account 🥲

Zhytaleks

BTC Update — November 6 Bitcoin briefly moved below the $75,000 support zone, reaching approximately $74,811 before recovering toward $75,600. This is an important reaction, but not yet confirmation of a bullish reversal. On the 1H chart, BTC remains below its short-term moving averages, while the 4H structure continues to favor caution. I'm watching two key scenarios: - Bullish: BTC reclaims and holds $75,900–$76,000, potentially opening the way toward $76,500–$76,700. - Bearish: BTC loses $75,000 again and breaks below $74,811, increasing the risk of further downside. The next hourly and four-hour candle closes should provide more clarity. Do you see this move below $75K as a liquidity sweep, or just a temporary pause in the downtrend?

GentleDerp

I’ve heard about the group with the BTC CEO. I want in.

Zhytaleks

That's a useful update, and I agree that the key question now is whether this was a liquidity sweep or a genuine breakdown. A quick move back above $75K is encouraging, but I'd want to see that level hold on a retest before treating it as support again. If BTC keeps closing below $75K on the hourly chart, the bearish scenario becomes more convincing. For now, I think confirmation matters more than trying to predict the exact bottom. Are you watching spot volume as well to distinguish a genuine recovery from a temporary bounce?

Jurgenlklopp

Always has been this way. News > Nasdaq > BTC > Altcoins

stonktradersensei

You have a BTC etf, so you just have exposure. But you own 0 btc. Not your keys not your coin

Romanizer

I mean, that's the least I would expect from OG Bitcoiners. Also makes your transaction propagate faster. This could also work as a good kill-switch for Satoshis wallets. If a transaction is spotted send the whole amount (50 BTC) as fee. That way his Bitcoin get distributed without the thief getting anything.

LearnBitcoinCom

Thanks, that's a clearer way to say why it matters than we managed. A 51% attacker can already censor, but the time warp lets them take something the protocol promised to someone else: in our simulation, on paper at least, all of the remaining subsidy, about 888,300 BTC meant for the next 113 years of miners, pulled forward into the attacker's blocks. Would you mind if we added your "steal subsidy from future miners" framing to the page, credited to you?

Zhytaleks

Yes, and that makes the next few hourly closes particularly interesting. The question now is whether BTC can reclaim $75K and hold above it, or whether the breakdown turns into sustained selling pressure. A brief move below support isn't necessarily the same as a confirmed breakdown.

Zhytaleks

Yes, and that makes the next few hourly closes particularly interesting. The question now is whether BTC can reclaim $75K and hold above it, or whether the breakdown turns into sustained selling pressure. A brief move below support isn't necessarily the same as a confirmed breakdown.

AutoModerator

Post is by: adityajoshii and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1xpgdn9/btc_didnt_dump_overnight_it_broke_at_930_et_the/ Everyone's calling this a crypto selloff, but the 15-minute candles show it was just a stock market open. We aren't trading an independent asset class anymore. We're trading a high-beta derivative of a fragile, debt-addicted traditional system that panics every time Wall Street wakes up. Look at the BTCUSDT perp on Binance on Nov 5 in UTC time. \- 13:00 to 14:30 sat flat around 79.5k to 79.7k, with only 1k to 4k BTC traded per 15 minutes. \- 14:30 (9:30 ET, US cash open) hit with the first big red candle and 9.7k BTC traded. \- 15:00 and 15:15 saw volume spike to 24k and 26k BTC per 15 minutes. That's 6 to 20 times the pre-open pace as traditional finance dumped everything not nailed down. \- 15:45 hit a low of 75,525, wiping out about 5% in 75 minutes. The Nasdaq had its worst day since April 2025 in that exact same session. Crypto wasn't leading. It was getting dragged around by institutional risk desks liquidating across the board to cover their overleveraged equity exposure. The uncorrelated hedge narrative is dead. When global macro cracks under the weight of sticky inflation, fiscal recklessness, and paper-thin liquidity, Bitcoin gets treated like just another bloated tech stock. For anyone trading perps, stop pretending crypto trades in a vacuum. As long as the global economy is held together by duct tape and central bank hopium, the most dangerous 90 minutes of the crypto day are US equity hours, not Asia and not the weekend. Leverage that's safe at 3:00 am UTC gets liquidated at 14:30 when Wall Street pukes. Disgusting!!! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

21Moto

Correction. You have 0.00000000 BTC.

Zhytaleks

That's a useful update, and I agree that the key question now is whether this was a liquidity sweep or a genuine breakdown. A quick move back above $75K is encouraging, but I'd want to see that level hold on a retest before treating it as support again. If BTC keeps closing below $75K on the hourly chart, the bearish scenario becomes more convincing. For now, I think confirmation matters more than trying to predict the exact bottom. Are you watching spot volume as well to distinguish a genuine recovery from a temporary bounce?

Darkpriest667

go ahead and just dm me your private keys instead -- it would be a lot safer than joining any BTC telegram investment group

AutoModerator

Post is by: hongchao and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1xpg53c/i_built_a_free_tool_to_compare_historical/ Most perp venues show only what their order book looks like now. I wanted to see where liquidity had been resting before price reached it, how long it stayed, and whether it traded or disappeared. So I built Solana Perp Liquidity. It compares Pacifica, Phoenix, Bullet and Bulk, with Hyperliquid included as a liquidity benchmark. It currently covers SOL, BTC, ETH, HYPE and ZEC and combines historical liquidity heatmaps with live books, large trades, VWAP, depth, open interest, taker flow, and volume/turnover. One important caveat: an order-book wall is visible intent, not a completed trade or a prediction. It can move or be cancelled at any moment. I am the author and would appreciate feedback from active perp traders about which comparisons are useful or misleading. [https://solana-perp-liquidity.softfork.se/](https://solana-perp-liquidity.softfork.se/) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

LearnBitcoinCom

Sadly every other node compares your timestamp with the median of the last 11 blocks, so those twelve BTC live on a chain of one.

na3than

The main proposal is that any attempt to move funds from a legacy address would need to be accompanied by an equal amount from a quantum-safe wallet. > Fields would attach a financial penalty to trying. Under his example, stealing 1 BTC would require the attacker to supply another 1 BTC from a quantum-safe wallet. Both coins would then be locked for a waiting period, such as 30 days.

PhoenixProtocol

In what way? Unless Bitcoin will get wide scale adoption, and the average Joe can safely buy / send it to their wallet, it's just not for the average person. Yes everyone (or most people) can learn how to do it, but it's not really an out of the box experience so to speak. At least if you buy an ETF, you're still exposed, can some day in the future sell and buy an equivalent BTC, and you negate some of the major risks that we currently have this year. Let's say you told your grandmother a decade ago to buy bitcoin, bought her a ledger, and now her coins are gone. Unless she might have followed the news (nowadays either Reddit or communities), she wouldn't have known this was going on and could've moved the coins if they were still there. For now btc is just too complicated and that's fine, look how far we've come in the past decade. Most people under let's say 50-60 know at least vaguely what bitcoin is, that's a good thing. Give it another decade and see where we are then.

devCheckingIn

Looks like BTC won't be correlated with NASDAQ today.

nassereddit

You have an IOU for 0.099999 BTC, the manager got paid....now it is 0.099998...0.099997

Desperate_Buy4871

BTC is the definition of volatile....

FoucaultCareofSelf

*dont have fundamentals besides hype.* I mean, that's nonsense too. I'm not hijacking a BTC thread with Eth, but how does ethereum not have fundamentals besides hype? It's demonstrably being adopted by some major financial players -- perhaps tentatively and certainly not fully. But the adoption side (less so the valuation side) is absolutely analyzable.

Embarrassed-Cat-3548

Yes, the irony is I believe in BTC as moral idea and technological implementation but I don’t believe in people to start using it which reduces this great idea and tech to speculation.

New_Glass_3502

MSBT has a lower expense ratio if you wanna have more money in BTC. I have an equivalent of 1.4 BTC in MSBT

Sad-Froyo-3198

BTC has already succeeded. The network is useful, global, and secure. You don't have to care about dollar value, but your post is about the value of btc compared to tech stocks. Dollars are just an easy way to quantify value.

Embarrassed-Cat-3548

Buy it from me. I have a sell order for you - 1 mil per 0.01 BTC

FoucaultCareofSelf

I think I understand ethereum/eth's fundamental *questions* (big picture, I am not technical at all) better than Bitcoin's. But for Bitcoin, I believe the only thing that matters is: will major institutional pools of wealth (huge asset managers, sovereign wealth funds, endowments, hedge funds) allocate a meaningful (1%? 2? 3?) percent of portfolios to Bitcoin as an asset class? I don't believe anyone can say whether or not they will. I can't stand all the smug hand-waving about Bitcoin's inevitability, nor do I like the "bro it's totally worthless" shit either. But the question of Bitcoin's attractiveness to those players is entirely open as of now. It cannot be answered. I do believe IF some threshold is crossed, IF Bitcoin IS seen as a pristine store of value type asset, there could be a game-theoretic institutional run in that could send BTC prices skyrocketing. But this is the only way it happens, IMO. TA will tell nothing about this, zero, unless you count actual indicators that wealth pools are starting to allocate meaningfully to BTC.

TakeDMT

Sell your BTC man, it’s not for you

Embarrassed-Cat-3548

Yep, I do self custody - otherwise it’s just a speculation. I would like not to care about the dollar value, however BTC can only succeed if most people start caring for the satoshis and not the usds

Embarrassed-Cat-3548

ETFs are poison. They make BTC a number go up/down “thing”.

numbersev

If you don't have it in self custody then it isn't yours, you hold an IOU. I don't care about it's price in dollars. The dollar will hyperinflate to pay off the debt. I only care about how many Satoshis/BTC I hold and eventually everything will be priced in it instead of dollars.

Embarrassed-Cat-3548

Not in BTC unfortunately. I came in about 2 years ago. It hasn’t been a lot of fun since then. Also my youtube got filled with garbage traders

Embarrassed-Cat-3548

I would like to think that I understand it. What mostly appeals to me in BTC it is that it is mine and mine only. What doesn’t appeal tho is that it’s measured in dollars and people mostly give a fuck for its dollar value and that sucks

Warm_Collection_3993

Relax. BTC is being used daily to buy and sell goods, well at least with the Cartels.

UrbanGrower187

Yeah BTC price action doesn’t have much to do with the tech sell off but what do I know.

Competitive_Cook_939

That’s not really what they are complaining about in their post. They are complaining about the price being correlated with volatile tech stocks instead of BTC’s price behaving independently

Pyroll2206

So they are different reason for the correction in BTC : 1. it is a risk-on asset. Even with the regulation and adoption, BTC is for the financial sector one of the riskyest asset to own. They get sell first thing when it goes south. 2. Is it an digital currency, produce by mining with Cards&Ram. So it is a tech-stock in that regard. (Price of ram goes up, price to mine goes up too) 3. It is a liquid market, open 24/7 so it is easy to sell if margin is callin on the rest of your portfolio

Loud-Researcher-6127

Yeah, frustrating when BTC follows tech stocks down but doesn't bounce back with them. Hard not to be disappointed.

Embarrassed-Cat-3548

Nah, but came into BTC at a time when I ve mostly felt pain so it become a bit too much lol

EntertainmentOk9467

TLDR: if BTC goes lower then it goes more lower of it goes higher it goes more higher.

skr_replicator

Pretty much sounds like a bad idea to impose such landmines on people who didn't consent to have such "protection". Also I'm wondering if that could be exploited or turned against the user by the attacker. Like the attacker putting a landmines on the owner's own coins. And how to ensure only the owner can prove the proof to sweep the landmine? Anyway if one had any other valuable asset like their house, they might be able to borrow some BTC against that, use it to claim the stash, and then return the borrowed bitcoin and keep their house and the stash.

Zhytaleks

I agree that price action matters more than any single indicator. Moving averages are useful for context, but they don't predict reversals. The $77K–$79K area is particularly interesting after the recent sell-off. A rejection there could reinforce the bearish scenario. I'm also watching whether BTC can establish a higher low with stronger buying volume. Would you consider a reclaim of $81K sufficient confirmation, or would you wait for a successful retest?

na3than

> However, this whole setup could create extra cost for honest holders, because the blockchain cannot tell the difference between a quantum thief and the true owner. Someone moving their own 1 BTC under those rules would also need another 1 BTC as collateral. An early holder whose entire fortune sat in an old wallet would need matching funds to move it. That was my first thought. Imagine your deceased parent left you the key to 25 coins held from 2012. You'd need to put up a $2,000,000 Bitcoin "bond" to receive your inheritance.

GRP-TeamRocket

Amazon created kinda an own market, is successful in different sectors. BTC still doesn't have a real usecase and will never become a viable currency, because it's technical limited

Dazzling_Cash_6790

why do you think that this is bullish for bitcoin ? I don't see any huge amount of inflows in BTC, even on the current prices.

r3v3rb_1

Good point. While I’m far from an expert, and in absolutely no position to question anyone from MIT, I read this article while a little voice in my ear kept asking “how is this going to be exploited?” I’ve been a big believer in BTC for a long time, but the tech world is getting too far beyond what I’m comfortable investing into with blind trust. Scams, exchange hacks, cold wallet supply chain loss of trust. It’s all a battlefield now, and when people begin to think the ETF is the safest route than were done.

AutoModerator

Post is by: Zhytaleks and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1xpb65x/bitcoin_near_75k_what_would_confirm_a_recovery_or/ I've been comparing BTC/USDT on the 1H and 4H charts after the recent sharp sell-off. As of November 6, around 12:00 UTC, Bitcoin was trading near $76,100, following a decline to approximately $75,158. Here are a few things that caught my attention. **1. The 4H structure remains weak.** BTC is trading below all three moving averages: MA(7): $76,620 MA(25): $77,746 MA(99): $79,561 This suggests that the broader short-term structure remains bearish despite the recent bounce. **2. The 1H chart shows early stabilization, but not a confirmed reversal.** Price has moved above the 1H MA(7), currently around $75,833, but remains below MA(25) near $76,537 and MA(99) around $77,819. **3. Volume is an important part of the picture.** The strongest recent volume appeared during the sell-off. The subsequent recovery has not yet shown comparable buying activity. **Two scenarios I'm watching:** **Bullish:** BTC holds the $75,158–$75,000 area, reclaims $76,500–$76,600 and begins forming higher lows. **Bearish:** BTC breaks below $75,158 and fails to reclaim that level, suggesting continued selling pressure. Personally, I don't see enough confirmation to call a bottom yet. A short-term bounce and a genuine trend reversal are two different things. **What would convince you that Bitcoin has found support: a higher low, stronger buying volume, or a reclaim of the moving averages?** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

suspicious_Jackfruit

It's also very naive to think that artificial intelligence or agentic AI would prefer a slow tx speed with no programability. Not dunking on BTC but AI at large wouldn't be using BTC, it would also make zero sense as a store of value to AI until its quantum resistant given the near term risks. It's only humans who suffer from the emotional attachment and tribalism of treating everything like it's your sports team

DatGiantIsopod

Tbh I used to buy into the "hard money" thing when I first got into BTC about a decade ago, but that use case has been decimated in recent years, because: 1) There is no Bitcoin development that can be used by an average person that has proven itself to have better synergy of simplicity and security than the legacy banking system. 2) All these years later there is still virtually no way to spend Bitcoin directly, meaning even if some Paraguayan held Bitcoin, they'd still have to use the legacy banking system to get it out after exchanging it for fiat. Bitcoin still has a use case as a store of value - but most people are best holding it via an ETF.

Ok_Improvement8487

At this point BTC just tracks the stock market, what's the point even

C-Dull

SPY at prices not seen since end of July. Very likely dumping like it always does this time of year… I don’t see any reason why BTC can’t go back under 60k 🤷🏾‍♂️

kachurovskiy

BTC/SPY is green on weekly, Bitcoin is literally outperforming the stock market

CheetahLoose7514

I’ve held onto coins before just because I wanted to break even. With LTC, I’d look at how it’s performed against BTC and whether I still believe it has room to grow. If the reasons for holding are gone, selling part of it might make sense. Waiting just to recover the purchase price isn't much of a strategy.

OW1x

Aprovecha. Hoy estamos en las rebajas. BTC a 75000$ no lo puedes dejar pasar. Compra un poco hoy. Y si en los próximos días se mantiene o baja, sigue comprando. En menos de 1 año me lo agradecerás. No es consejo de inversión, que quede claro, no soy tu cuñado. 😅

rbhmmx

At what point do we stop calling this analysis and start calling it what it is: throwing increasingly ridiculous numbers at the wall until one eventually sticks? Tom Lee has made a career out of predicting massive Bitcoin rallies. When he's right, he's a genius. When he's wrong, the deadline quietly moves and an even bigger price target appears. That's not forecasting. That's being permanently bullish and hoping nobody checks the receipts. The real test isn't whether he predicted Bitcoin going up. A drunk monkey shouting "BTC to the moon" every January would have gotten some years right too. Show me his track record of correctly predicting major crashes, bear markets, and turning points. Show me whether his predictions consistently outperform a simple buy-and-hold strategy. Until then, he's not demonstrating predictive skill. He's demonstrating how profitable it can be to sound confident while being repeatedly wrong. A prediction without accountability is just financial entertainment.

Pugluvmeme

$btc (big titty coin) earns $BTC for holders with over $20 worth. The LP is also in Bitcoin, so I'm a huge fan of the meme. Even if it reaches 1% MC of Bitcoin as memecoins are not seen favorably by many, that will be $1.60 a coin. Right now a coin costs roughly $.012 , so huge upside potential imo

Pugluvmeme

$btc (big titty coin) earns $BTC for holders with over $20 worth. The LP is also in Bitcoin, so I'm a huge fan of the meme. Even if it reaches 1% MC of Bitcoin as memecoins are not seen favorably by many, that will be $1.60 a coin. Right now a coin costs roughly $.012 , so huge upside potential imo

merdekabelajar

Damn do u guys still have faith in BTC?

bananacrazypants

BTC is never stolen. If I transfer BTC, that means I have the wallet private key. If I have the wallet private key, the BTC is mine.

MasticoSopa

\* Put your entire net worth into BTC \* \* BTC crashes 30% \* LOL.

SoftMidnight7281

You’ve finally exposed him! It’s true BTC has outperformed the stock market over the past decade, and by a massive margin at that. I really didn’t want to keep listening to what he had to say 😂

Artistic_Comment_903

Which ones are being used to facilitate the real economy? Can you use it to buy a house, a car, to pay for a useful service? The long term strategic value of a cryptocurrency can only come from its ability to buy real goods and services. Anything less is just a vehicle for financial speculation and pump and dump schemes. The only one that fulfills that is BTC. XMR if you really have to diversify, but BTC it is.

mel2000

> It’s for drugs silly Most of the current online cannabis vendors seem to be accepting cash, BTC and mainstream debit cards.

VeryThicknLong

The wealthy will always be greedy and selfish. We don’t want to be them. But I’m interested now… what makes you the blessed speaker on all things BTC and corrupt? 👀

Elektroprodukt

Nasdaq down = BTC down

Elektroprodukt

Nasdaq down = BTC down

zante2033

These bots shilling BTC are getting boring now.

lobhater

Banks that launder money what USD not BTC

AutoModerator

Post is by: Kind-Oil-8028 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoInvesting/comments/1xowdhv/btc_fell_55_on_nov_5_but_open_interest_measured/ Two snapshots I happened to take yesterday ended up bracketing the whole drop: 05:10 UTC with BTC at 80,423 and 22:05 UTC with BTC at 75,957, so -5.55%. They cover the 150 most traded USDT perps: funding, open interest on Binance, Bybit, OKX, Bitget and Hyperliquid, plus Binance's long/short ratios. (It's the screener I work on, AIScalp, everything comes from public exchange endpoints.) My first reaction was "big flush". Open interest in dollars dropped 6.1%, from $60.6B to $56.9B. But price dropped about as much, so I converted BTC open interest back into coins. Morning vs evening: Binance 95,851 -> 94,627 BTC (-1.3%) Bybit 67,745 -> 69,150 (+2.1%) OKX 33,341 -> 34,717 (+4.1%) Bitget 37,310 -> 37,010 (-0.8%) Hyperliquid 38,362 -> 41,781 (+8.9%) All five together went from 272.6k to 277.3k BTC, +1.7%. So more BTC was open after the drop than before it, and most of the increase was Hyperliquid, about +3,400 BTC. Funny thing: on ETH and SOL Hyperliquid did the opposite and cut 6.3% and 6.4%. Binance's ratios moved a lot. Accounts long/short on BTC went from 1.38 to 2.96, so roughly three out of four accounts with a BTC position were long by the evening. ETH went from 1.88 to 3.79. Top traders by size leaned longer too, BTC 1.93 to 2.12. Takers were net sellers though, BTC taker buy/sell 1.01 to 0.85. Funding didn't flip. BTC went from 0.0088% to 0.0100% per 8h, and the median across the 150 stayed at 0.005%. Coins with negative funding went from 22 to 34, mostly small caps and tokenized stocks. Obvious caveats: two snapshots aren't the path between them, the accounts ratio counts heads not size, and none of this says where price goes next. What I can't figure out is the Hyperliquid BTC number: +8.9% in coins during a 5.5% drop while Binance shrank. Hedging, basis trades, or just a different crowd buying the dip? Curious how people here read it. Live per-venue OI if anyone wants to check: https://aiscalp.net/en/open-interest/btc *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

cyclik

You’re probably right…now that I’m thinking about it. Maybe I was giving ppl too much credit… I suppose the lowest common denominator in terms of awareness needs to be factored, and I’ve observed recently that most people are not very observant outside of their own lives — their own personal/work spheres. So I suppose those machines actually prey on a certain sub-set of people who would actually buy crypto from an atm in a laundromat or gas station - without checking what the machine says against 3rd party market data (smartphone) - and then buying into a BTC position significantly greater than the current ASK… ouch. 😓 These are the same scammer types that would tell their marks it won’t matter when bitcoin is at 150,000. That’s just their customary rate for their hard work. They’ll tell you whatever they have to tell you to get you to pay $10k over the current market value. They’ll make you feel all warm and fuzzy all over right up until the moment they rob you blind. This machine is set up to help the victims get scammed by their own hands... A real proactive “hands off” approach to ripping people off. Everybody line up now…. 💀 💸

bitsteiner

LOL, as if corruption didn't exist before BTC. Cash and banks are a much better tool, because they provide secrecy. In contrast each blockchain transaction is public.

bitsteiner

Absolutely not. Commercial banks run fractional reserve. Reserve requirement is usually a small percentage of customer deposits. When withdrawals exceed that amount, the bank is bankrupt. There are no BTC banks that run fractional reserve. BTC exchanges are custodians.

AssPunisher6969

We'll be fine. Sounds like hedgies need money. This could be them losing power (in the form of BTC) as well. Keep the DCA rolling and all will be well. Happy Thursday.

rs1971

I wouldn't personally hold anything but BTC. I don't think that there's a convincing long term argument for anything else. (at this point I'm not even all that convinced by the case for BTC, but I'm a long time holder and I can't bring myself to sell)

Opposite_Cold8616

I set the clock back 10 years on my miner and immediately found a dozen BTC, thanks op

Xstronomer

Ethereum. All banks and large financial institutions are building on this and looking to use this chain for the majority of tokenization. BTC second. the rest are junk, sorry.

zante2033

BTC is like the ultimate vehicle for corruption. It's like the holy land.

VeryThicknLong

It’s not the same game… corruption is rife amongst banks, and they get away with it. At least, with BTC you have 100% control over your own asset.

Generalkleist

I hear Bitwise spokespeople saying BTC will go to one million, and then I see the current prices and I just get so... demoralized

Charnia570

Your balance in USD only goes down when you spend it. That's the same with Bitcoin - the balance only goes down if you spend it. However, purchasing power of that USD goes down as you let it sit there. So USD goes down against milk, bread, toys, games, movies etc etc. BTC trends up against these things, including USD.

zante2033

BTC doesn't fix shit. It's the same game.

Fluid_Garden8512

>Perhaps you can explain why it isn't falling by a larger % considering 4 & 5% fall in SP500, Nasdaq are huge % drops yet BTC is at 6% Probably because those stocks are close to ATHs, while BTC isn't. If BTC was also close to ATH it would have seen a larger sell off.

kielkaisyn

This is what they wrote: >This is not even bad. **S&P500 wiped out 2.4 trillion worth of stocks. That's more than the marketcap of BTC.**. So the comparison is made directly to S&P absolute value to say it's not so bad because Bitcoin hasn't lost as much absolute value. The amount of absolute value lost is a pointless metric which is the topic of this comment thread. Where was it stated that "if stocks correct BTC will correct even more"? Even if that were the topic, which it is not mentioned anywhere in this thread, it is objectively true that BTC dropped harder than the S&P 500 despite starting from a worse position relative to ATHs, making the relative drop even worse if extra context is included.

seomarlboro

Two things the chain shows that might help: That address has received 13 payments since Oct 14, about 0.033 BTC in total, the latest one today. So you're very likely not the only customer who got that email, which fits your theory about a leaked customer list. Tell the real vendor now, so they can warn the rest of their customers before more people pay. The closest deposit to your amount is 0.00998157 BTC (tx 3acb0b1fed5f6fceb8d3f6c6f1aba9232456660cf0ef2973f922be07d775f3ba). Compare it with the txid in your wallet. If it's yours, it was split on Nov 5: 0.00563 BTC is still sitting on bc1qhhtc0x00de3pepxwv3x54dxxaua8zgeyw06g4g, and the rest went into a large service wallet. Put those addresses and txids in a police report. It's unlikely to get the money back, but with 13 payers it can become a bigger case.