Bakkt Tuesday's numbers: Volume: 17 745 BTC ($192.84 million, +61%) (New ATH)
https://twitter.com/BakktBot/status/1306115788995260424
Remember the dissapointment of the first day with volume of several bitcoins? Well, this escalated quite fast to the levels of the biggest exchanges! And this is still unnoticed among the other 'hot' news about defi and microshares. Defi is having currently around 100 000BTC locked into smart contracts and rising of course. More and more serious investors and companies are accumulating bitcoins causing a shortage on the spot exchanges. Good times are coming and the bears know it! Of course they will fight desperately between 10K and 20K to be able to buy cheap coins as long as possible. But when the ATH is breached, the real FOMO will start. Then the SEC morons like Jay Clayton will realise that invetstors do not need their approval to invest in Bitcoin. The obstacles they've built are not applied for Bitcoin. Peeps like Clayton and Mnuchin are bastards of the fiat adultery, while we are the true heirs of the only asset that will survive and get stronger with time.
So, are there any knife catchers left trying to gain from 5 min 1-2% drops? They must be completely blinded and not being able to see the big picture. It is funny how such plankton is coming here to boast with a leverage short profit. It is like a child boasting with his 2+2=4 calculation to a professor who invented a new branch in math. I don't know to laugh or to pity such n00bs. Especially, considering that 90% of the Binance trades are of sums below 0.01 BTC. And even if they make a profit on the first trade, the second will be a loss to devour both their profit and their investment. Patetik and Haaalerius!
https://twitter.com/BakktBot/status/1306115788995260424
Remember the dissapointment of the first day with volume of several bitcoins? Well, this escalated quite fast to the levels of the biggest exchanges! And this is still unnoticed among the other 'hot' news about defi and microshares. Defi is having currently around 100 000BTC locked into smart contracts and rising of course. More and more serious investors and companies are accumulating bitcoins causing a shortage on the spot exchanges. Good times are coming and the bears know it! Of course they will fight desperately between 10K and 20K to be able to buy cheap coins as long as possible. But when the ATH is breached, the real FOMO will start. Then the SEC morons like Jay Clayton will realise that invetstors do not need their approval to invest in Bitcoin. The obstacles they've built are not applied for Bitcoin. Peeps like Clayton and Mnuchin are bastards of the fiat adultery, while we are the true heirs of the only asset that will survive and get stronger with time.
So, are there any knife catchers left trying to gain from 5 min 1-2% drops? They must be completely blinded and not being able to see the big picture. It is funny how such plankton is coming here to boast with a leverage short profit. It is like a child boasting with his 2+2=4 calculation to a professor who invented a new branch in math. I don't know to laugh or to pity such n00bs. Especially, considering that 90% of the Binance trades are of sums below 0.01 BTC. And even if they make a profit on the first trade, the second will be a loss to devour both their profit and their investment. Patetik and Haaalerius!
Bakkt numbers are growing, but are tiny in the big game of futures exchanges.
This is a cold shower on the "institutional money is pouring the market, as the other exchange, CME, is bigger, but still limited if put aside with "unregulated" exchanges.
More on this topic here
On a different news today Bitcoin Optech Newsletter #115 is out.
Taproot/Schnorr activation code is coming to Bitcoin core
Quote
Libsecp256k1 #558 implements schnorr signature verification and single-party signing over the secp256k1 elliptic curve as standardized in BIP340. Compared to the existing ECDSA signatures used in Bitcoin, schnorr signatures rely on fewer security assumptions, are non-malleable, and allow for much simpler key aggregation schemes such as MuSig. Schnorr signatures are also a key component of taproot, which uses aggregated schnorr signatures for “everyone agrees” key-path spends. Spending a taproot output using the key-path offers better spending condition privacy and reduces signature sizes. Bitcoin Core has correspondingly updated their internal libsecp256k1 tree to incorporate this change.
). Your Legendary path must be accelerated.
