#Bitcoin Lightning Network capacity in public channels continues to push to new highs, despite prevailing bear market headwinds.

Total capacity is now at 4,290 $BTC, which has increased by 34.6% since the November market peak.

Live Chart

After a dramatic capitulation event, the ownership structure of #Bitcoin has been reshaped.

As markets sell-off, $BTC migrates from weaker hands, to those stepping in at the lows. Here, we explore how to track this migration of coins using age bands.

Read More in The Week On-chain

#Bitcoin supply that was moved in the last 6-months is approaching all-time-lows, currently at 18.12% of circulating supply (3.485M $BTC).

Historically, very low volumes of mobile supply typically occur after prolonged bear markets.

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Количество интернет-пользователей в 1997: 140 млн.
Количество интернет-пользователей в 2007: 3.7 млрд.

Количество биткоин-пользователей сегодня: 140 млн.

h/t Documenting Bitcoin

Our final video report for the year is now live.

We cover:
- Volatility, Derivatives, and leverage
- #Bitcoin on-chain supply concentrations.
- Stress in #Bitcoin mining.
- #Ethereum post-Merge supply dynamics.
- Shifting trends in Stablecoin markets.

Thanks to all our regular watchers and readers of The Week On-chain series. We hope you enjoyed our analysis this year, as much as we enjoy producing it. Wishing you all a very happy holiday season, and our analysis team will be back for another exciting 2023! 🎄

Watch our last video report for 2022.