So you can hover your mouse over the lines and see how much leverage is sitting there (based on the exchanges that are included in the data). Yellow means there is more leverage sitting there and green means it is not as much leverage. Purple is no leverage.
The short lines are where leverage got liquidated. The long lines that go all the way to the right are where people still have positions open.
I have been doing this with the btc chart for a couple of years now. I used to actively trade btc treasury companies (not anymore though) and I will look to see where leverage is before making a move.
Typically where the most leverage is the price gets pulled to those numbers and then once the leverage gets liquidated the price goes back to more of a "equilibrium."
That is a handy chart.
It's a tab that will stay open from now on.
Third party risk is off the charts now.
One failure to deliver and poof!
I am glad you like the chart. It's fun to watch imo but I am a bit of a nerd for this stuff XD.
For sure on the third party risk. On that note, spot bitcoin ETFs were probably a bad idea long-term but they are a lot cheaper to maintain than BITO (the BITO ETF uses futures contracts so it is actively managed).
I have no idea what is going to happen with bitcoin treasury companies. I would guess a lot of them will be taken private so they have more flexibility when it comes to buying and selling Bitcoin.
The deal in the current economic system is give me your money now, I will do whatever I please with it(read the small print) and at some point in the future I promise to give you some money back, maybe.
Nobody buys crypto on that offer, except the eos
suckerstrubeliebers, why would they buy it in the real world?Effective brainwashing.
The smart gypsies/jews/jehovah's witnesses got out of germany before things got impossible.
It is crazy how much of modern society has become a lite scam. I do try to tone it out from time to time because I think it is unhealthy (at least for me) to focus on it all the time.
That being said, one of my favorite scams to think about in today's world is commuting to an office for work. We are like ants attracted to sugar (aka money) and we will go single file into a building with bad AC and terrible lighting. People just put up with it even if it makes no sense with the internet.
That being said, some people make a lot of money that work in an office so it makes sense to some degree. Money isn't everything but it makes living life a hell of a lot easier!
Turn them onto this book: https://www.abelard.org/e-f-russell.php.
When they understand F I-W!, the world could be a very different place.
We have to have workers, we don't have to have dollars.™
https://theanarchistlibrary.org/library/petr-kropotkin-the-conquest-of-bread
It's really sad what the engineers of consent have been allowed to do to the average mind.
They have built illusions that function as bars to keep bookends on the breadth of discussable topics.
L. Ron Hubbard tells a story of a lake in africa where the natives line up all the boats across the lake to use their shadow as a way to herd the fish.
Once the first fish escapes the others begin to follow, and the natives have to start over again later.
He says to stop letting the illusion of bars control your mind.
'The truth may set you free, but first it's gonna make you very angry.'
We don't have to live like this.