The number of Bitcoin-whales transactions has significantly decreased after the FTX crash.

At the beginning of November, about 42% of bitcoin transactions were transfers worth more than $10 million. Today, the figure does not exceed 19%.

@Bitcoins

⏳ 14 years ago, back in 2009, for the simplest help in testing Bitcoin transactions, developers paid enthusiasts 25 BTC each.

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2022 was the cheapest year to use the Bitcoin network if to calculate costs in Satoshi (SATS).

In the dollar equivalent, the cheapest year was 2012, when the network could be used almost free of charge.

The highest level of block space utilization was recorded in 2017 (over 90%).

@Bitcoins

Despite bearish BTC price action throughout 2022, activity on the Bitcoin network has remained stable. The number of active Bitcoin wallets was flat in 2022, at ~4.5M — inline with the numbers from the past four years.

Looking at a four-year cycle, the active wallet count is even trending upwards slightly. But at the same time, it’s clear that active address growth has been stagnant since roughly Q1 2021.

Active address levels have found a higher base than in the previous cycle, so we haven’t seen a significant exodus of users from the Bitcoin network. But we haven’t seen significant growth, either.

Instead, we’ve seen active wallets on Bitcoin remain relatively flat throughout all of 2022. Even when they peaked in 2020, they barely surpassed the prior high from 2017.

@Bitcoins

14 years ago, on January 12, 2009, Satoshi Nakamoto made the first BTC transaction to Hal Finney sending 10 BTC.

https://www.blockchain.com/btc/tx/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16

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4-year halving cycles.

Every 4 years, the reward per block is cut in half.

There will only ever be 21M bitcoin & over 90% have already been mined.

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💥 Samsung to launch Bitcoin ETF in Hong Kong.

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BTC hashrate hits ATH second time in 7 days, difficulty expected to grow 9%.

BTC hashrate rose 20% on Jan. 12 before retracing to 251.79 EH/s.

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Options IVs have fallen towards all-time lows across a set of different expiries. For instance, the IV of 1mth, 3mth, and 6mth expiries sit at all-time lows.

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Bitcoin ushered in a mining difficulty adjustment at block height 772,128. The mining difficulty climbed 10.26% to 37.59 T, a record high. The average hashrate of the entire network is now 269.02 EH/s.

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Bitcoin has been green 12 days in a row, which is the second successful episode in its history. It was green longer only in November 2013 (for 15 days).

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Bitcoin is trading above $20k for the first time since Nov. 8th. Trade volumes have soared, reaching their highest levels since the FTX collapse.

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The number of bitcoins dormant for over 5 years has reached a record high of 27.539% of the total supply.

Nature got so cleaned up that the real hodlers came back in the house 😅

@Bitcoins

It seems your opportunity to buy GBTC shares at an almost 50% discount to the net asset value has passed as the margin between the price of GBTC and the bitcoin backing it narrowed. The discount reached 36.26% on January 13th, the lowest it has been since early November.

In general, prices across the board rose as inflation in the United States showed a 0.1% month-on-month decrease in December.

It’s a similar story for ETHE, with shares in both products showing positive price performance in the new year but still trading much lower than the NAV.

Grayscale’s CEO was not particularly optimistic about GBTC going into 2023, citing its woes over its ability to convert to a spot-based ETF. Grayscale filed suit against the SEC for rejecting its application, but the regulator so far is standing its ground on its decision.

@Bitcoins