Bitcoin Testnet price movement tracking & discussion

[BayAreaCoins]

Finally, some buy volume across the board.

Bitcoin Testnet 3 had 0.14176529 BTC flow into it today.  This pretty much ate up the Ask until the next price hike (at least for now).

Bitcoin Testnet 4 has see a few buys as well, they look smaller in Bitcoin... but that is only because the Solana seller didn't understand our market's liquidity and blessed some other traders with a few Solana at around 1500 Bitcoin Satoshis.  They were still happy with the Testnet 4 received though, so I think that alone speaks leagues.

Testnet 4 still faces heavy sell volume due to the large 50TBTC block rewards.

What a world.

[DeeppRockk]

Finally, some buy volume across the board.

Bitcoin Testnet 3 had 0.14176529 BTC flow into it today.  This pretty much ate up the Ask until the next price hike (at least for now).

Bitcoin Testnet 4 has see a few buys as well, they look smaller in Bitcoin... but that is only because the Solana seller didn't understand our market's liquidity and blessed some other traders with a few Solana at around 1500 Bitcoin Satoshis.  They were still happy with the Testnet 4 received though, so I think that alone speaks leagues.

Testnet 4 still faces heavy sell volume due to the large 50TBTC block rewards.

What a world.

That Testnet 3 liquidity move caught my eye too. Even 0.14 BTC flowing in says something, you know?
Small volumes like that can hint at bigger things, especially when big players test out their moves. Remember that Solana seller who got tripped up by liquidity cycles? Perfect example of how testnets act as a sandbox.

Those missteps teach us plenty about real markets.

Still, the price action here feels totally separate from actual Bitcoin fundamentals. I wonder if others are spotting the same quirks elsewhere.

[BayAreaCoins]

Finally, some buy volume across the board.

Bitcoin Testnet 3 had 0.14176529 BTC flow into it today. Â This pretty much ate up the Ask until the next price hike (at least for now).

Bitcoin Testnet 4 has see a few buys as well, they look smaller in Bitcoin... but that is only because the Solana seller didn't understand our market's liquidity and blessed some other traders with a few Solana at around 1500 Bitcoin Satoshis. Â They were still happy with the Testnet 4 received though, so I think that alone speaks leagues.

Testnet 4 still faces heavy sell volume due to the large 50TBTC block rewards.

What a world.

That Testnet 3 liquidity move caught my eye too. Even 0.14 BTC flowing in says something, you know?
Small volumes like that can hint at bigger things, especially when big players test out their moves. Remember that Solana seller who got tripped up by liquidity cycles? Perfect example of how testnets act as a sandbox.

Those missteps teach us plenty about real markets.

Still, the price action here feels totally separate from actual Bitcoin fundamentals. I wonder if others are spotting the same quirks elsewhere.

It is the most quirky markets I've ever seen in my life.  Buyers don't care, sellers don't care, and the price falls on one side of the extreme or the other.

[BayAreaCoins]

Pretty boring lately.

Testnet4 is getting absolutely murdered.  I suspect this is due to block rewards, so I guess Testnet price is naturally eating itself unless there is any demand.

Most of the development seems to be happening in Testnet3.

Testnet4 is kind of the wild west of developers doing Blockchain testing.

A bit interesting, and I'm sure it will change.

It's disappointing, hoping for a "patch" in January, and there hasn't been a mention of it.  (that I've seen)

Still only one exchange with both buying and selling (free market).