
How is the mempool reacting to BTC exchange outflows ? Let's dive in! 🔸Brief mempool mechanics 🔸How this occurred? 🔸Effects on BTC ? 🧵Thread 1
BTC and the Rolling 50d EMA We broke through the 🔵mark, indicating that Bitcoins price moved 1 standard deviation below the 50d EMA
BTC and the Rolling 50d EMA We broke through the 🔵mark, indicating that Bitcoins price moved 1 standard deviation below the 50d EMA
Miner profitability heuristics Profitability can be determined by how much a miner earns per Exahash (EH/s). AKA how much energy is dedicated to BTC