Could bullish network statistics take Bitcoin to the moon? Record hash rate and difficulty provide a positive overture to some uninspiring price moves, with BTC now offering network security never seen before in its history.
Bitcoin’s reversal toward $40,000 may not be helped by an advancing U.S. dollar., canceling a steep downtrend that had characterized the week prior.
“Over the past century, there were only four years where both stocks and bonds had a negative year,” analyst Lyn Alden“Obviously it is super early, but so far both stocks and bonds have had negative returns in 2022.” As noted by Twitter monitors, including Glassnode lead analyst Checkmate, open interest leverage has been disappearing from futures markets — and with it, the risk of getting deleveraged or “liquidated.”
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