whitecoatHODL

bitcoin

on-chain data shows that plebs are aggressively buying the FTX dip 🚀

could also be plebs withdrawing from exchanges after FTX fiasco.


KYC Tracking firm Chainanalysis was a creditor to FTX!

GBTC situation explained - Greg Foss

Lightning is the future of digital money!

but with each passing day its getting closer.

"Burn After Reading" chat constantly used by SBF to evade records

satup

Looks like he had no intention to run a legitimate exchange. 

Blockfi shill pumpliano confronted on cnbc.

With the recent events its clear that FTX sold the bitcoin of thousands of users in its platform to invest and trade with shitcoins all the while making the users think that they were holding bitcoin. This definitely lowers bitcoin price and dominance. 

Taking into account that there might be other exchanges doing the same or selling paper IOUs for bitcoin and inflated marketcaps of all the illiquid shitcoins, I think Bitcoin dominance metric is a flawed.


Bitcoin dominance metric is flawed!

Someone paid over 8 million sats in transaction fee (22,325 sat/vB)

I think its from a broker looks like a batched transaction.

FTX had a $1.4 billion bitcoin liability (~ 70000 BTC)

and there were people trading wrapped BTC in the so called DEXes of solana which were only redeemable for real bitcoin through FTX exchange. what a shitshow!
anyways good riddance! 

Doctor by profession and a die hard Bitcoin pleb who will stand the ground for individual freedom and sovereignty.  

@whitecoatHODL's bio

According to recent bankruptcy filing FTX has none of the 1.4 billion (more than 70000 BTC) of user bitcoin funds. They literally sold the most liquid asset to prop up their illiquid shitcoins! 