Cryptocurrency exchange traffic increased to 360 million visits in March.

The number of unique addresses holding at least 10,000 #BTC has formed a Higher Low

Higher Lows on this metric have been indicative of impending bullish momentum

Whales are accumulating here.

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 30-day exchange flows:

26,757 #BTC in outflows over the previous month.

#Bitcoin exchanges spot reserves have been falling since October 2019 and are at their lowest this August 2017 👀

#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 market capitalization of the algorithmic stablecoin UST has soared in comparison to its longer-running counterpart DAI. Year-to-date, UST market capitalization has increased 55%, while DAI’s has risen 5.7%.

#Bitcoin 30-day exchange flows:

26,757 #BTC in outflows over the previous month.

#Bitcoin exchanges spot reserves have been falling since October 2019 and are at their lowest this August 2017 👀

#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.

BIG NEWS

The market capitalization of the algorithmic stablecoin UST has soared in comparison to its longer-running counterpart DAI. Year-to-date, UST market capitalization has increased 55%, while DAI’s has risen 5.7%.