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- 🦉 BTC Drops $60K, Here's Why
🦉 BTC Drops $60K, Here's Why
Next Big Move For BTC, BTC ETF Huge Outflow, & More!
Traci Smith & Mike Cullison
October 02, 2024
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GM 🦉 Big shake-up over the weekend, let’s dive into what you need to know.
In Today’s Crypto World:
BTC Drops to $60K Following Iran’s Missile Strike on Israel 📉
This Will Be the Next Big Move for Bitcoin 🧠
BTC ETFs Bleed $242.6M, Biggest Outflow Since Sept. 3 🩸
Gainers & Newbies 👀
Storm #1 ⛈️
Stock-2-Flow Chart 🔬
DEGEN PLAYS
GAINERS & NEWBIES 👀
*Market insights are updated daily.
VEVE & NFT
STORM #1 ⛈️
CHART OF THE DAY
STOCK-2-FLOW CHART 🔬
Stock 2 flow is a forecasting tool for Bitcoin price.
It creates a line on the chart above that shows an estimated price level based on the number of bitcoins available in the market relative to the amount being produced (mined) each year.
The score on the stock to flow line is the forecasted price for bitcoin at that particular time. By hovering your cursor over the line on the chart, you can see the forecasted price. To date, it has broadly forecasted price correctly as $BTC price has followed the stock to flow line.
As the amount of bitcoins to be mined reduces over time, the stock to flow number (s2f ratio) increases, as supply coming onto the market is reducing. That is why this model is forecasting that the price of Bitcoin will increase in the future.
OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - WHAT IS STOCK-2-FLOW? 🔦
HOOT’S OF ENLIGHTENMENT
WHAT IS BCH? 💡
Bitcoin Cash (BCH) stands out for its ability to deliver fast, low-cost transactions, making it ideal for everyday use.
As a fork of Bitcoin, BCH was created to address scalability issues by increasing the block size, allowing more transactions to be processed quickly. This focus on efficiency enables BCH to be used as digital cash, facilitating peer-to-peer payments and merchant transactions worldwide.
With growing adoption and a strong emphasis on maintaining low transaction fees, BCH provides an accessible and decentralized alternative to traditional financial systems. Its commitment to privacy and censorship resistance further enhances its appeal as a practical cryptocurrency.
OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀
OWLGO’S LOLS
DAILYMEMES 🤣
Brought To You By: DailyGainsCrypto.com
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.05/31/202406/12/