Bitcoin Price Fundamentals Analysis – 8/12/2018 – E127

FUTURES – NETWORK STATS – MINING – MARKET SIZE – SOFTWARE – LIGHTNING

On this episode, I discuss whether we’ll see continued temporary weakness in the Bitcoin price. I also discuss why altcoins continue to underperform. Will we see altcoin season come back? Will bitcoin fall further?


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PRICES

Price: $6327  | 1 finney: $0.63

Daily 200 SMA: $8130

Mayer Multiple: 0.77

FUTURES

Okex Futures: (Sep) $6249 (spread -$80)

CME Futures: (Aug) $6165 (Sep) $6255 (open interest 2,833 / 14,165 btc)

Bitmex Futures: (Sep) $6268 (Dec) $6267

SENTIMENT

Longs / Shorts: 29,000 / 26,200 (1.10)


MARKET – TXS

Market Cap: $109 B

Global Bitcoin MC: $215 b

Maximalist Price: $12,500

Volatility 30-day: 3.78%

On chain vol (24h): 695,884 btc ($4.4B)

Avg tx val (24h): 3.91 btc ($24 k)

Median tx Val (24h): 0.058 btc ($366)    


MINING

Difficulty: est. -7% (last 3: -3%, 5%, 2%)

Mining profitability: $0.22 THash/day

Blockchain size: 209 GB

Mempool: 3MB

Median on chain fee: $0.07/tx


DEVELOPMENT

Merged PRs    : 31

Closed issues : 8


LIGHTNING

Capacity: 95 btc

Channels: 11.1k

Nodes: 3050

Channels/node: 3 ( wrongly quoted 10 on the show )

Cap/channel: 0.009 btc ($54)

Cap/node: 0.045 btc ($280)


GOOGLE TRENDS

Slight positive trend appearing on the 30 day google trends. Watching this for more upward movement. Showing support


REGULAR SOURCES

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Music by Joakim Karud

**DISCLAIMER: This is not investment advice, do your own research.**

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