Top crypto tweets of the day – November 24th

ConsenSys announced an update to its privacy policy on November 23 (including metamask infura and more): When you use Infura as your default RPC provider in MetaMask, Infura will collect your IP address and your Ethereum wallet address when you send a transaction. pic.twitter.com/cBsqU2374o

— Wu Blockchain (@WuBlockchain) November 24, 2022

Price of #bitcoin on Thanksgiving

Today: $16,555
2021: $56,280
2020: $19,107
2019: $7,048
2018: $3,881
2017: $8,254
2016: $740
2015: $320
2014: $377
2013: $774
2012: $12
2011: $2
2010: $0.28
2009: $0
2008: $0

— Documenting Bitcoin ? (@DocumentingBTC) November 24, 2022

Crypto exchange Bybit has established a $100 million fund to support institutional clients. CoinDesk reported. Because of the Alameda crash, market makers have withdrawn from the exchange, causing problems with depth. https://t.co/O1lQQI3xVt

— Wu Blockchain (@WuBlockchain) November 24, 2022

Thread summarizing amazing progress on EIP-4844 (proto-danksharding).

This is a crucial first step to massively lower fees on L2, helping to make it affordable for much larger numbers of users to directly use on-chain applications instead of relying on cefi intermediaries. https://t.co/cMeIAV5aN5

— vitalik.eth (@VitalikButerin) November 24, 2022

Seriously beyond inexcusable at this point. He was stealing the money!! https://t.co/HMZTrKcGWv

— DIRTY BUBBLE MEDIA: BARRY! (@MikeBurgersburg) November 24, 2022

Are you paying attention? pic.twitter.com/M8bW6EMgsJ

— Dylan LeClair ? (@DylanLeClair_) November 24, 2022

Do you get it yet? pic.twitter.com/ibjtNekKUh

— Dylan LeClair ? (@DylanLeClair_) November 24, 2022

The 10y treasury yield is now lower than the overnight rate (SOFR).

Last time this happened the whole world went to shit a few weeks later. ??? pic.twitter.com/xI5L0A1vmN

— Wall Street Silver (@WallStreetSilv) November 23, 2022

.@elonmusk says NYTimes coverage (perhaps MSM coverage overall) of SBF is "one of the biggest failures in US journalistic integrity of the 21st century." pic.twitter.com/zrY0AhOjDR

— Frank Chaparro (@fintechfrank) November 24, 2022

The current #Bitcoin market profitability is basically the worst it has ever been.

Adjusted MVRV, which measures market wide profit excl lost coins, is at 0.63.

This means the average $BTC investor is holding an unrealized loss of -37%.

Only than 75-days have been worse off. pic.twitter.com/sMitgEbwg3

— _Checkɱate ?⚡??☢️?️ (@_Checkmatey_) November 24, 2022

Another risk-off wave is on the horizon.

Equities are losing momentum and implied volatility is entering an attractive zone for put protection.

Timing uncertain, but all risk assets will feel pressure. pic.twitter.com/pQ6PjeHJX4

— Dylan LeClair ? (@DylanLeClair_) November 23, 2022

It's the same story.

We are in an inflationary bear market, and the tightening of monetary policy by the Fed has an effect but with a lag.

Risk assets play a dance between active managers and passive flows. Everyone is so eager for "up only" again.https://t.co/bDacG8MoLa

— Dylan LeClair ? (@DylanLeClair_) November 23, 2022

How to buy $BTC at a generational bottom

This can be done by looking at 1. extreme unrealized loss levels and 2. the amount of stables waiting to buy.

When The SSR is below -1.5 SD ➡️ Stables waiting to get in and MVRV 4yr rolling Z score – 1

= great $BTC buying opportunity pic.twitter.com/ijoKzp0KVY

— Onchain Edge (@onchain_edge) November 24, 2022

?? People in the Netherlands protesting against the Euro CBDC#Bitcoin is freedom money pic.twitter.com/L0ixdwDpO1

— Bitcoin Magazine (@BitcoinMagazine) November 24, 2022