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blakicious

Johoe's Bitcoin Mempool Statistics

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ok, everything seems to be very low, but that should be good right? so why is btc price falling?

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I'm glad you asked this because many people don't understand who defines price on the market. I will try to describe it in short sentences.

Crypto market has almost nothing to do with tools. Yeah it is nice to see progress like in this case when bitcoin struggled with high fees in the past, but developers are improving the network every single day to get rid of network bottlenecks like these.

On the other hand, there are traders (manual or bot trading) that defines price on the market and they act in favor of macro trends, fundamentals, market sentiment, TA, etc. 

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