#Bitcoin supply held by entities with balance 100 - 1k usually associated with whales has erased the whole slump and broke out after 5 month long consolidation.
With #Bitcoin attacking $60k once again, only 0.98% of the circulating supply was last spent at higher prices.
Owners of this 185,816 $BTC HODLed throughout all the volatility, the ups, and the downs of the last 6 months.
99.02% of all $BTC supply is now in profit.
Owners of this 185,816 $BTC HODLed throughout all the volatility, the ups, and the downs of the last 6 months.
99.02% of all $BTC supply is now in profit.
#Bitcoin transaction value settlement is rising substantially relative to the Market Cap.
This has driven NVT Signal metric lower, indicating that even at $61.8k, $BTC is historically undervalued relative to utilisation as a value settlement layer
This has driven NVT Signal metric lower, indicating that even at $61.8k, $BTC is historically undervalued relative to utilisation as a value settlement layer
#Bitcoin price going down and accumulation addresses up as per on chain data is goin up. Looks like majority are accumulating the dip 💪.
Over the course of #Bitcoin's life, a staggering $8.89 Trillion in value has been settled on-chain.
We can further breakdown volume by whether it was in profit, or loss:
Volume in Profit = $5.10 Trillion
Volume in Loss = $3.79 Trillion
We can further breakdown volume by whether it was in profit, or loss:
Volume in Profit = $5.10 Trillion
Volume in Loss = $3.79 Trillion
The Canadian #Bitcoin Purpose ETF has added 6,341 $BTC in assets under management since the $69k ATH.
This represents an increase of 26.2% in coin holdings, even whilst prices drawdown over 34% in that time.
This represents an increase of 26.2% in coin holdings, even whilst prices drawdown over 34% in that time.
Miners are accumulating #Bitcoin at the fastest rate since May 2021
#Bitcoin Exchange reserves decrease
Exchange reserves decrease even more after BTC turned up from the 40k support. Data indicate investors believe Bitcoin is going to recover.
Exchange reserves decrease even more after BTC turned up from the 40k support. Data indicate investors believe Bitcoin is going to recover.
#Bitcoin investors have realised large losses during this sell-off, with net daily losses between $600M and $875M/day.
Whilst these are significant sums, they remain small relative to $1B+ losses realised during the May-June capitulation, and the deleveraging of 4-December.
Whilst these are significant sums, they remain small relative to $1B+ losses realised during the May-June capitulation, and the deleveraging of 4-December.