Bitcoin Price and Fundamentals Analysis – 9/7/2018 – E129

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

Today is a big day for the show, we are launching our Fundamentals Report. In the this episode, of course we cover Bitcoin and other cryptocurrencies, but I also introduce a couple new metrics, sat/usd and a halvening countdown. It’s a one stop shop for all the fundamentals you need.

Transcript

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PRICES

Price: $6398

1 finney: $0.64

$1: 1.5620 finneys or 15620 sats

Daily 200 SMA: $7760

Mayer Multiple: 0.83

Halvening: 89,670 blocks | 582 days | Apr.11.2020

FUTURES

Okex Futures: (Sep) $6316 | spread -$80

CME Futures: Sep $6355 | Oct $6405 | open interest 2,644 / 13,220 btc

Bitmex Futures: Sep $6320 | Dec $6311

SENTIMENT

Longs / Shorts: 26,600 / 39,000 (0.68)

Right at ATH shorts


MARKET

Market Cap: $112B

Global Bitcoin MC: $204B

Maximalist Price: $11,847

Volatility 30-day: 3.25%

On chain vol (24h): 1.2 mil btc | $7.9B

Avg tx val (24h): 5.0 btc | $32.5 k

Median tx Val (24h): 0.063 btc | $409


MINING

Difficulty: est. 3.77% (last 3: 4.34%, 5%, 7%)

Mining profitability: $0.24 THash/day

Blockchain size: 213 GB

Mempool: 3.5MB

Median on chain fee: $0.27/tx


DEVELOPMENT

Current release: 0.16.2 / 0.17 RC2

Next major release est: 0.17.0 – Oct, 2018

Merged PRs: 29

Proposed PRs: 20

Closed issues: 14


LIGHTNING

Capacity: 104.16 btc

Channels: 12,007

Nodes: 3,389

Channels/node: 3.5

Cap/channel: 0.0086 btc ($54)

Cap/node: 0.030 btc ($200)


TRENDS

Slight positive trend appearing on the 90 day google trends. We have bottomed in sentiment and interest according to Google Trends and are now in a flat consolidation of interest, or a slight increase.

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Music by Tonezpro

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

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