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.

Follow-up Update: Golden Ratio Multiplier

350DMA has historically been an important moving average because once price moves above it, a new bull run begins 🐂 🏃

Price just crossed above the 350DMA.

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

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.

#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.

#Bitcoin's illiquid supply has been increasing for the past 214 days. Surpassing the 2020 accumulation.

$BTC selling pressure is fading.

Shopify integrates #Bitcoin Lighting payments via Strike.

Fear & Greed Index Update.

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!