Bitcoin Price and Fundamentals – 6/11/2018 – E117

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

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PRICES

Price: $6775

One finney: $0.67

200 SMA: $10267

Mayer Multiple: 0.65!!!!

Okex Futures: (Jun) $6746 (spread -$25)

CME Futures: (Jun) $6725 (Sep) $6820 (open interest 2,674 / 13,370 btc)

Bitmex Futures: (Jun) $6714 (Sep) $6724

Longs / Shorts: 31,700 / 24,750 (1.28)


MARKET SIZE and TXS

Market Cap: $116 B

Global Bitcoin MC: $297 B

Maximalist Price: $17,409

On chain tx (24h): 1,519,360 btc ($10.2 B)

Avg tx Val (24h): 7.9 btc ($53 k)

Median tx Val (24h): 0.063 btc ($427)

NVT (28d): 173


MINING

Difficulty: est. +4.5% (last 3: 15%, 3%, 3%)

Mining profitability: $0.35 THash/day

Blockchain size: 201 GB

Mempool: 2.5MB

Median on chain fee: $0.11/tx


DEVELOPMENT

Merged PRs    : 15

Closed issues : 5


LIGHTNING

Capacity: 19.8 – 21.4 btc

Channels: 5623 – 6511

Nodes: 2166 – 2105

Channels/node: 2.5

Cap/channel: 0.0035 or $23.75

Cap/node: 0.009 btc


GOOGLE TRENDS

12 Mo.  : 10 /100

30days : 62 /100

Trend    : Still watching this for signs of life.

Overall price analysis is we are oversold by a lot, overwhelming sentiment is bearish, Don’t forget the fundamental bullish bias, shorts growing longs steady, could look for a capitulation but I think that might not come in a sideways market.


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Music by Joakim Karud

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

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