Bitcoin Price and Fundamentals Analysis – 9/14/2018 – E131

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

Top story line: Bottom price holds, network volumes are down, Lightning bombshell, Bitgo as custodian vs Paxos and Gemini stablecoins

Transcripts coming soon…


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PRICES
  • Price: $6451
  • 1 finney: $0.65
  • $1: 1.5453 finneys | 15453 sats
  • Daily 200 SMA: $7626
  • Mayer Multiple: 0.849
FUTURES
  • Okex Futures: (Sep) $6386 | spread -$85
  • CME Futures: Sep $6330 | Oct $6380 | open interest 2,858 / 14,290 btc
  • Bitmex Futures: Sep $6430 | Dec $6417
SENTIMENT
  • Longs / Shorts: 25,800 / 36,700 (0.70)

Short remain elevated


MARKET
  • Market Cap: $111B
  • Global Bitcoin MC: $198B
  • Maximalist Price: $11,488
  • Volatility 30-day: 2.76%
  • On chain vol (24h): 980,000 btc | $6.4B
  • Avg tx val (24h): 4.15 btc | $26,800 k
  • Median tx Val (24h): 0.052 btc | $334

DEVELOPMENT
  • Current release: 0.16.2 / 0.17 RC3
  • Next major release est: 0.17.0 – Oct, 2018
  • Merged PRs: 37
  • Proposed PRs: 18
  • Closed issues: 9

New Optech Newsletter


LIGHTNING
  • Capacity: 115.79 btc
  • Channels: 12,430
  • Nodes: 3,454

NEWS

Lightning Network is possibly twice as large as we think

Tweet #1: “The price level of all monetary goods is determined by (and only by) reservation demand.”

Tweet #2: Master vs Slave mentality. I also think of this as altcoiners/scammers always have a victim mentality.

Regulated stablecoins are the threat, not ETFs and futures.

Two new products from Paxos and Gemini

Gemini’s USDG is completely centralized and censorable. This is my worry.

Bitgo


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Music by Tonezpro

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

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