New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling.


#Bitcoin #Miner #Onchain

Prior to its 2017-18 bull market, year-over-year baseline adoption has risen gradually from 2014-16.

Whilst there has been a vast increase in the number of new entities on the network which uplifted the price by 20x from $1k to $20k.

A similar thing reiterated in the 2020-21 bull market, where the asset rallied by 10x from just $6k to $60k.


#Bitcoin #Onchain #Metrics

Bitcoin Awaits To Make a Solid Comeback!

The above chart signifies that the last bull cycle ended in Q1 2021, where the asset has enjoyed gains of over 600%. But later the asset was almost stable with no volatility. However, as the number of on-chain metrics is gradually turning bullish, a correction may last anytime soon.

#Bitcoin #OnChain #Bullish

Since the $69k top and during the price decrease, bitcoin has experienced a steady outflow from exchanges.

This is in marked contradiction to what occurred in 2021, When we had massive inflows during the sell-off!


#Bitcoin #OnChain #Exchange

Can We Expect a Short-Term Bounce In #Bitcoin Price Action?

We can clearly observe from the above chart that whenever the funding rates were traded negative, the flagship asset has always taken a nice bullish divergence after each cycle.


#Crypto #OnChain

While #investors remain bearish, the top-tier whale addresses continue to accumulate



This level of activity is far below bull #market highs, indicative of tepid demand from new users. However, the activity floor continues to climb in bearish markets, reflecting longer-term #network effects.



#Bitcoin #Crypto #OnChain

Non-zero $BTC addresses hit #ATH of 40 million

According to @Glassnode reports, growth in The number of addresses with a non-zero balance has spiked since the beginning of 2022, leading to a new ATH of 40,276,163.


#Bitcoin #OnChain

The BitVM White Paper, led by Robin Linus from ZeroSync, shows a new way to make smart contracts on Bitcoin without needing a big change in how Bitcoin works.

It uses a clever method to blend off-chain and on-chain actions, similar to what Ethereum does, making smart contracts on Bitcoin better and more flexible.




#BitVM #WhitePaper #SmartContracts #Bitcoin #OnChain