Insane volatility today with a $12k candle. Lots of bitcoin changed hands, almost 2X the transfer volume of yesterday.

Due to API limits, @Bitcoin Block Bot will now only include a few daily updates on X, e.g. transfers over $1B. For a full view, follow BBB on Nostr.

Every time I try to go back to Twitter, Elon finds new creative ways of making the experience miserable.

Without much fanfare, Tether has started reinvesting some of their profits/excess reserves into Bitcoin. How much have they acquired in Q1, you ask? Just around 52,670.

If there is any silver lining, #BRC20 completely killed ordinals by spamming them with pointless json messages and pricing out the monkey jpegs. The originals dot com website is completely unusable and doesn’t even load at the moment.

Stop focusing on the fees, they are a temporary nuisance and there will be high fees in the future regardless.

The real issue is dumping of toxic waste on the blockchain and especially the UTXO set which may never get cleaned up.

@nostrich​ what was the biggest price swing of BTC on a single day in percent terms and when did it occur?

Thanks for the dip, Fed! Now back to our regularly scheduled bull market.

We would all love Balaji’s prediction to come true, but it is extremely unlikely. In fact, the BTC price has never previously increased 40X in a 90-day period. The closest it came was in June of 2011 with a 33X increase. This was during the wild days of MtGox hacks. In most recent bull markets we barely hit 4X-5X.