This Isn’t Normal…
TL;DR
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BTC simply hit $57k, that means we’re solely a 25% transfer away from all-time-highs (violent pre-halving run ups like this are NOT frequent, traditionally).
Full Story
“Completely no respect.”
“The place’s the sense of custom?”
“You’re going to upset lots of people.”
These are all issues muttered round our workplace (principally to ourselves, or at our pc screens) — however all directed at Bitcoin’s value.
Within the few hours since we made all of that hullaballoo, celebrating BTC’s value rounding the $54k mark for the primary time since 2021 — the rattling factor went and claimed $55k…
Then $56k…
Then $57k!
All of the whereas, displaying completely no respect for brief sellers, who wager — and misplaced — $157M wagering that the value would go down.
Now, right here’s the kicker:
The Bitcoin halving continues to be greater than a month away, and we’re solely a 25% transfer away from all-time-highs — strikes which aren’t unusual in crypto.
(Hell, Bitcoin climbed 10% the previous 7 days alone).
What is unusual on this scenario, is seeing such a violent run up pre-halving (previously, the value has had a behavior of collapsing at this level).
Benefit from the trip, of us!
