Smart Bitcoin
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Independent media about the blockchain industry.
A comprehensive overview of the news, author's materials. Openly, honestly and on examples about crypto-invoicing.

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The Fear and Greed Index of Bitcoin Investors reached a score of 61 out of 100, indicating quite pronounced greed. This is the maximum for the last year.

So there are plenty of people who want to buy BTC, given the market growth, traditionally. It's a classic, isn't it?
Breaking: India Bullish On Crypto Regulation With Latest Economic Survey?

https://bit.ly/3HjtzYc
Representatives of DeveloperReport platform shared the results of a study on the number of developers in different blockchains. The leader in terms of growth rate over the past year among projects that have at least a thousand developers was Solana.

Its number of devs grew 83 percent over the year. Second and third places go to Polygon and Cosmos. Their figures are 40 and 25 percent respectively.

Etherium's growth rate is predictably lower. At the same time, the number of developers in this blockchain is heading toward 6,000 units.
Breaking: Binance-WazirX Deal Over? Binance Terminates This Service

https://bit.ly/3JDHLOl
49 percent of all bitcoins in circulation have not moved in at least two years - a record figure. The hodlers don't seem to care at all about what is happening in the cryptocurrency market. They just wait for the new bullpen and keep hoarding coins.
And although Bitcoin has now fallen below $23,000, the state of investors in the first cryptocurrency is still rated as "greedy. This means that they are still accumulating BTC and have no doubts about the asset's future prospects.
Just-In: SBF’s $250 Million Bail Guarantor To Remain Confidential

https://bit.ly/3I59Qgm
This chart shows the number of ethers on cryptocurrency exchanges in purple. The number of ETHs dropped especially sharply at the end of 2022, when the FTX exchange collapsed and went bankrupt.

Since then, the number of those willing to hold their ETH on centralized platforms has become noticeably lower. Other coins are generally affected as well.
Breaking: U.S. CPI Data Shows Inflation At 6.4%; Time For Bitcoin Price To Shine?

https://bit.ly/3IoWDiK
The number of Bitcoin addresses with a non-zero balance for the first time exceeded the mark of 44 million units, that is, there are more owners of at least some volume of the first cryptocurrency. Glassnode analysts attribute this to the growing popularity of NFTs based on the BTC network.

Here is the corresponding graph.
Bitcoin's correlation with traditional assets is declining. In this case, we are talking about BTC's correlation with the Nasdaq index, bonds and the dollar index.

Obviously, the recent jump in Bitcoin's value has helped the cryptocurrency differentiate itself from other investment vehicles.
Growth of #ethereum owners in 2022, INSANE! What will 2023 bring?
Glassnode analysts note a noticeable decrease in the number of so-called Bitcoin kits. We are talking about addresses with at least 1,000 BTC.

Over the weekend, the number dropped to 2,027, the lowest number since August 2019. So wealthy investors have time to sell as the crypto-asset rises.
NYDIG analysts note a gradual increase in the dominance of Bitcoin in the total capitalization of all cryptocurrencies. This trend has been especially noticeable since the second half of 2022.

Apparently, some investors perceive BTC as a safer bet in the current environment. This has also become relevant given the rhetoric from SEC officials that many cryptocurrencies may be recognized as securities.

This is tentatively not the case with Bitcoin.
Since the beginning of February 2023, the number of cryptocurrencies worldwide has decreased by 1,070 units to 37,381 devices. Obviously, the demand for digital assets, given the bearish trend, is not the best right now, so operators of such devices are trying to reduce their own costs.

Such is the trend.
The last week turned out to be almost neutral in terms of the influx of funds into investment cryptocurrency products. According to CoinShares analysts, the overall figure was still negative, and the volume of outflows was $2 million.

Obviously, investors didn't really understand what to expect from the coin market next. Therefore they acted accordingly.
Bitcoin miners' returns in February 2023 came close to the $600 million mark. This is the highest figure since September 2022. So the industry is slowly recovering after all the events of last year, and cryptocurrency transactions are more active.
On March 31, the largest expirations in bitcoin and ether options will take place.
CryptoQuant: there was a distribution from weak to strong hands and now the lion's share of BTC supply is again controlled by "long term" holders = historically bullish