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.

Bitcoin Monthly Return

🔸 Bitcoin monthly is closing again in the red with an average of -18.28% loss
🔸 On the other side, the month of June has already produced two years of negative returns.

Will the month of June give a green monthly return for BTC this time?👀

+65% of #Bitcoin have not moved in +1 year
- 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.

Nigeria 🇳🇬, India 🇮🇳, Vietnam 🇻🇳, and Argentina 🇦🇷 have the highest rates of optimism about Bitcoin’s future as well as the highest claimed levels of cryptocurrency knowledge.

#ETH ecosystem is growing.

Supply distribution differs from the 2019 bear market. Half of the supply is staked in DeFi, ETH 2.0, etc.

It reminds me that ETH had nothing but ICO back in 2019. I'm glad now people talk about fundamentals.

Bitcoin market depth on Tether pairs reaches all time highs

Inflows to Exchanges for #BTC #ETH and #USDT have been steadily decreasing since the start of 2022 and are now all around or at all-time lows.

Inflation reaches 8.6%, the highest the U.S has seen in 40 years.