Bitcoin in front of Silicon Valley Bank 🏦

@bitcoins

BTC correlation with European stocks is at its lowest level in over two years. BTC/Nasdaq correlation reaches second lowest level in over a year. Crypto starting to diverge from stocks.

@bitcoins

Bitcoin’s record 67.7% of coins have not moved for more than 1 year.

These people must gladly sell you their $BTC somewhere around $500,000-$1,000,000 one day 😏

@bitcoins

When Bitcoin price was $0.90 😳

@Bitcoins

As the news of the Silicon Valley Bank failure hit, investors sought refuge in BTC and ETH. Approximately 0.144% of all BTC and 0.325% all ETH in circulation was withdrawn from exchange reserves, a similar self-custody response pattern to the FTX collapse.

@Bitcoins

A new @TheEconomist front page for March 18th - 24th.

#Bitcoin is THE bank.

RT if you agree: https://twitter.com/CryptoCoinCoach/status/1636338698462674945

Comparison of the change in Bitcoin wallets over the course of the 2021-23 cycle shows that small entities, with < 50 BTC, have absorbed the largest volume of coins, sourced from Whales, Miners and Exchanges.

@Bitcoins

Bitcoin is something more than money...

@Bitcoins

Hodlers' Bags Continue to Grow - The amount of BTC owned by addresses holding for over one year just set a new all-time high

Bitcoin hodlers now own over two thirds of all circulating supply.

Following the BTFD mantra, this group of addresses typically increases their holdings in the bear market, as we saw in 2022.

If history rhymes, this group is unlikely to start selling their holdings until we reach close to the previous all-time high ($69,000).

This points to Bitcoin's scarcity as the majority of long-term holders have been historically unwilling to sell shortly after the bottom.

@bitcoins

New ฿ daily high so far: $27,084 🚀

@bitcoins

😁 Trending on Twitter rn in Business & Finance:

❌ Bitcoin
✅ Bitcion

@bitcoins

[NFA]

@bitcoins

💥 Historically, Bitcoin has had an inverse correlation with the U.S Dollar. Over the past month, this negative correlation has mostly disappeared amid a wider market rally.

@bitcoins

The banking system explained in 10s.

https://www.reddit.com/r/Bitcoin/comments/11tg2pd/the_banking_system

@bitcoins

Yea, we are talking now!!

📍 Follow @Coins for the hottest news in crypto.

🆙 Number of active $BTC-holding addresses over the decade:

⦁ 1k in July 2010
⦁ 1.3m by April 2021 (at the height of that year's cryptoboom)
⦁ 850k by March 2023

@bitcoins

Digital asset investment products saw outflows for the 6th consecutive week totaling $95m, with the 5-week total being $406m, representing 1.2% of total assets under management (AuM).

@bitcoins

🎞 The scene from Mr. Robot...

@bitcoins

📈 Bitcoin has experienced one of the best performing weeks of price action in history, closing up 35.8% on the week. Several on-chain indicators suggest that the Bitcoin market is transitioning out of conditions historically associated with deep bear markets.

https://insights.glassnode.com/the-week-onchain-week-12-2023/?&utm_source=gn_twitter&utm_medium=tweet_woc&utm_campaign=woc_12_2023

@bitcoins

Does it ring a bell?

@bitcoins