HomeUncategorizedBTC price still not at ‘max pain’ — 5 things to know in Bitcoin this week By Cointelegraph

BTC price still not at ‘max pain’ — 5 things to know in Bitcoin this week By Cointelegraph

October 3, 2022

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BTC price still not at ‘max pain’ — 5 things to know in Bitcoin this week

(BTC) starts a new week in a precarious place as global macro instability dictates the mood.

After sealing a weekly close just inches above $19,000, the largest cryptocurrency still lacks direction as nerves heighten over the resilience of the global financial system.

1-week candle chart (Bitstamp). Source: TradingView
BTC/USD annotated chart. Source: Il Capo of Crypto/ Twitter (NYSE:)
(DXY) 1-day candle chart. Source: TradingView
Bitcoin miner revenue per terahash chart. Source: Dylan LeClair/ Twitter
Bitcoin network fundamentals overview (screenshot). Source: BTC.com
GBTC premium vs. asset holdings vs. BTC/USD chart. Source: Coinglass
Bitcoin supply in loss chart. Source: Glassnode