Bitcoin Price and Fundamentals Analysis – 9/21/2018 – E132

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

Top story line: The most recent difficulty adjustment, a major vulnerability handled extremely well by Core devs, a decision on the VanEck-SolidX ETF pushed back, Bitcoin privacy creeps forward.

Transcripts coming soon…


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PRICES
  • Price: $6703
  • 1 finney: $0.67
  • $1: 1.4929 finneys | 14929 sats
  • Daily 200 SMA: $7466
  • Mayer Multiple: 0.898

Commentary

Q3 opened at $6343 on bitfinex. We are green heading into the last full week of the quarter. Prepare for everyone to call consolidation now. We just lived through one of the most bearish events in recent memory with the inflation bug, and the price increased.


FUTURES
  • Okex Futures: (Dec) $6605 | spread -$100
  • CME Futures: Sep $6690 | Oct $6695 | open interest 2,706 / 13,530 btc
  • Bitmex Futures: Sep $6668 | Dec $6610

Commentary

  • Cboe close happened right before that judas candle the other day. No reason, but interesting.
  • Cme delivers next friday

SENTIMENT
  • Longs / Shorts: 27,700 / 36,400 (0.76)

Commentary

ATH shorts, 40k was hit. If I were short, my stops would be in profit from $7200, and in the high 6000s. Maybe I’d start closing them now.


MINING
  • Difficulty: 1.9% below my sweet spot. See report
  • Mining profitability: $0.22 THash/s/day
  • Mempool: 7d High: 16MB | Time: 2h45m to clear
  • Median on chain fee: $0.09/tx
  • Halvening: 87,629 blocks | 569 days | Apr.12.2020

DEVELOPMENT

TRENDS

Interest according to Google Trends is declining. This is the first time in a few months where the short term interest has put in a new low. General disinterest.

Explore search interest for bitcoin, Ethereum, Blockchain, Cryptocurrency by time, location and popularity on Google Trends – https://g.co/trends/QxskM


News

VanEck-SolidX ETF deadline pushed back.

Samourai Stowaway Blog Here


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

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