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Peter McCormack on a Defiant New Era for Bitcoin

Why the narrative of 2019 was protest and dissent and why 2020 will see bloodletting in the alt markets.

Updated Sep 13, 2021, 11:52 a.m. Published Dec 23, 2019, 8:43 p.m. 1 min read
Peter-long

Peter McCormack is one of the most prominent podcasters in the space. In 2019, he added a new podcast called “Defiance” and focused on the intersection of bitcoin, human rights, and political activism to complement his “What Bitcoin Did” podcast.

In this special end of year episode of The Breakdown, Peter discusses why the past year represents an inflection point for citizen action and sovereign protest around the world, and why 2020 is likely to see a continued bloodletting among non-bitcoin cryptoassets.

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Yearly Volume Weighted Cost Basis (Checkonchain)

Heavy supply concentration and large options positioning continue to suppress volatility and keep bitcoin range-bound.

知っておくべきこと:

  • Bitcoin rebounded from its 128-day moving average near $74,500
  • It remains below key onchain resistance levels around $77,000, including the true market mean and short-term holder cost basis.
  • Ahead of the $6.6 billion Deribit options expiry on May 29, large open interest at the $75,000 put and $80,000 call is...