The USD price is a gauge for the spot rate that a handful of centralised exchanges are currently trading BTC with one another. A fraction of the total supply effectively being self-dealt is setting global expectations.
3/4 of BTC is sitting in cold storage being ignored by the market - this will change.
stacksatsio / StackSats.IO
npub10j…lvcrd
2023-03-16 01:15:51
in reply to nevent1q…wkhr
Author Public Key
npub10jnx6stxk9h4fgtgdqv3hgwx8p4fwe3y73357wykmxm8gz3c3j3sjlvcrdPublished at
2023-03-16 01:15:51Event JSON
{
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"pubkey": "7ca66d4166b16f54a16868191ba1c6386a976624f4634f3896d9b6740a388ca3",
"created_at": 1678929351,
"kind": 1,
"tags": [
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"wss://nostr-verified.wellorder.net"
],
[
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[
"p",
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],
"content": "The USD price is a gauge for the spot rate that a handful of centralised exchanges are currently trading BTC with one another. A fraction of the total supply effectively being self-dealt is setting global expectations.\n\n3/4 of BTC is sitting in cold storage being ignored by the market - this will change.",
"sig": "5c0a96b5b57a1ff1d1a45032ab77c928a1cf37ca6543c18ea89f8d3973b3b4a4ea6862cb44fc8bf979921d42df0a9501758b843a4c307aed85d19ae63dffe80a"
}