#Bitcoin is bottoming and is in the bullish zone. Low spending behavior converges with less profit-taking.
The capitulation period is coming to an end.
The capitulation period is coming to an end.
#Bitcoin exchanges spot reserves have been falling since October 2019 and are at their lowest this August 2017 π
#Bitcoin is bottoming and is in the bullish zone. Low spending behavior converges with less profit-taking.
The capitulation period is coming to an end.
The capitulation period is coming to an end.
Today, #Bitcoin hashrate has made a new all time high. The value is 201 billion hashes. The value has doubled since the lowest value after China's great mining migration (100 billion).
And so on, the for-ever uptrend in hashrate continues.
And so on, the for-ever uptrend in hashrate continues.
The Luna Foundation Guard has been in #Bitcoin accumulation mode throughout 2022, adding a total of 30,727 $BTC to their balance so far.
Track the LFG Balance
Track the LFG Balance
63.15% of #Bitcoin's supply has not moved in at least 1 year.
This is just 0.3% shy of an all-time high.
This is just 0.3% shy of an all-time high.
#Bitcoin exchange outflow volume recently hit a rate of 96.2k $BTC per month.
Aggregate exchange outflows of this magnitude have only been seen on a handful of occasions through history, with most being after the March 2020 liquidity crisis.
Aggregate exchange outflows of this magnitude have only been seen on a handful of occasions through history, with most being after the March 2020 liquidity crisis.
#Bitcoin's illiquid supply has been increasing for the past 214 days. Surpassing the 2020 accumulation.
$BTC selling pressure is fading.
$BTC selling pressure is fading.
Shopify integrates #Bitcoin Lighting payments via Strike.
+65% of #Bitcoin have not moved in +1 year
- a new ALL TIME HIGH
- a new ALL TIME HIGH
#Bitcoin miners have been net distributors since the recent sell-off.
Miners balances have recently declined at a peak rate of 5k to 8k $BTC per month ($150M to $240M at $30k $BTC).
Their spending has slowed this week to 3.3k $BTC/mth.
Miners balances have recently declined at a peak rate of 5k to 8k $BTC per month ($150M to $240M at $30k $BTC).
Their spending has slowed this week to 3.3k $BTC/mth.
The #Bitcoin hash ribbons have started to signal inversion.
This means that hash-rate is starting to come offline, usually as a result of stress in miner incomes impacting profitable operation.
Typically, these inversions occur in late stage bear markets.
This means that hash-rate is starting to come offline, usually as a result of stress in miner incomes impacting profitable operation.
Typically, these inversions occur in late stage bear markets.