30k $BTC flowed out from Coinbase today.

Institutional buys might be the big narrative again because the Executive Order did not create any hurdle.

Stablecoin Inflow Moving Average are detecting Macro Bottom for this current run

🔸 From Q4 of 2020 until the present, clear movement from smart money (Institutional traders) has been detected using this Stablecoin inflow Moving Average

When this Moving Average stablecoin inflow made an All-time-high, BTC is accumulating and bottoming out. Looks like the macro market is maintaining bullish!

LINK

BTC Accumulation over time

🔸 The Best accumulation periods since 2013 were (1), (2) & (3)

🔸Are you selling at (4)?

$BTC Spot Exchanges' Reserve hits over a 4-year low.

Bitcoin 2018/2019 vs 2022 👀

Bitcoin Illiquid Supply

🔸 Bitcoin illiquid supply made another all-time high

🔸 Currently, 14.6 million BTC are illiquid

Total stablecoin supply hovers around $180 billion. $UST ’s growth has been remarkable in 2022, expanding by $7.6B in around five months.

Over $30B in stablecoins are held in smart contracts on Ethereum. $USDC represents the largest share, with 60% or about $19B in smart contracts.

Mysterious Bitcoin Whale Buys $71 Million Worth BTC in 7-Days

🔸 The mysterious and unidentified whale purchased more than $71 million in BTC by acquiring 1,800 coins. The unnamed whale holds 125,552 Bitcoin in his/her wallet which is valued at approximately $4.99 billion

This means a lot!

Bitcoin growth compared to other asset classes

🔸 Bitcoin outperformed every other asset class in terms of growth

Bitcoin is still young and has room for more growth. Imagine the next 4 years would be like?

BREAKING: President of Uzbekistan issues decree to regulate cryptocurrencies, mining, and trading

🔸 The decree provides definitions for terms such as crypto assets, exchanges, and mining, and identifies key regulators in the industry.

Recognizing crypto can mean adoption!🚀

source

Altcoins are showing a similar setup during the COVID crash
☑️ RSI =oversold

Altseason2022 will be massive if this chart is valid 👀

Transfer Volume From Miners to Exchanges
🔸 From November 2021 to May 2022, there are no large transfer activities from miners.

Miners are holding their bitcoin. This is a bullish sentiment👀

Binance will delist $LUNA if the price drops below $0.005.

Fear & Greed Index update.

The market is gloomy every weekend!

Bitcoin addresses with a balance over 0.01 BTC hit 10 million.

Bitcoin's idle addresses have become more active this past week.

When aged coins consumed spikes arise during price drops, it's related to weak hands exiting positions.

Intraday Bitcoin volatility reached May 2021 highs last week

Nasdaq volatility reaches highest level since March 2020

#Bitcoin Weekly RSI

This downtrend is 139 days longer than 2018 bear market.