Bitcoin: Entities Target 100000 Nodes to End Self-Custody
Bitcoin entities controlling 38% supply and 78% hashrate now target 100000 nodes; BTC at $63073.7 shows bearish 4h structure with EMA50 resistance at $64015.89.
SourceAnalysis
Bitcoin faces coordinated pressure as entities already holding 38% of circulating supply and directing 78% of network hashrate move to seize control of 100000 nodes in a direct bid to eliminate self-custody, according to @simplykashif. On the 4h chart BTC trades at $63073.7 inside the Bollinger band with upper resistance at $64323.99 while EMA50 at $64015.89 and EMA200 at $63713.33 cap upside, the MACD death cross at -294.14 reinforces bearish momentum and RSI at 35.8 leaves room for a test of lower support near $62999.75 before any relief. This development feeds directly into BTC price prediction models, raises crypto market crash probabilities if node centralization accelerates, and carries secondary AI industry impact through altered mining economics.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.