#Bitcoin now has the same amount of users as the Internet did in 1997, and growing at a much faster pace👍✌️

#Bitcoin market cap grew by 5.6x in 3 years. What's next?

Michael is back ! 😆💰

https://twitter.com/michael_saylor/status/1430145340976648202?s=19

Nobody who bought #bitcoin and hodled 4+ years (200 weeks) lost money, EVER!

Also, both 200wma and realized cap (average cost price of all 18.8M BTC) are at all time high (ATH).

Source: Coinmetrics

After a period of moderate $BTC inflows following the May Sell-off, Coinbase has seen a large outflow of coins.

This brings total balance to just over 700k $BTC.

The last time the Coinbase #Bitcoin balance was at this level was December 2017.

Source: Glassnode

Over $4B in #Bitcoin open interest has been cleared during this sell-off.

This is the most significant leverage flush out since the sell-off in mid-May.

Traders in #Bitcoin futures markets remain reasonably bullish with a positive funding rate returning to perpetual swap contracts.

Note how funding rates are positive, but not up to the same level as before the $10k sell-off last week

The #Bitcoin market is bullish, but cautious

Source: Glassnode

The total volume of #Bitcoin held by Long-Term Holders has reached a new all-time-high of 80.5% of circulating $BTC.

The breakdown of circulating supply is:
- LTH supply profit = 71.1%
- LTH supply in loss = 9.4%
- STH supply = 19.5%

Source: Glassnode

99.705% of the #Bitcoin supply is currently in profit.

Congratulations to all $BTC HODLers on the highest daily market close in history.

Source; Glassnode

#Bitcoin miner unspent supply is currently sitting just 500 $BTC below ATH.

These coins are issued to miners as a reward for solving a block, but have never been spent onchain.

Miners started HODLing significantly more $BTC since March 2020.

Source:- Glassnode

The 3rd largest #Bitcoin #whale wallet took a pause on buying #BTC when price went above $50k briefly in the past week and finally added 120 more #BTC today at $46.9k for a total of $5.6M.

Notice that all 3 most recent buys were under $47k.

Source: ILD

#Bitcoin long liquidation dominance has hit 69%, the highest level since the May 2021 deleveraging event.

This means that the majority of liquidations in futures markets over recent weeks were long traders attempting to catch the knife.

Live Chart: https://glassno.de/3Ghx9QH

Source:- Glassnode

El Salvador 🇸🇻 bought 410 more Bitcoin in the dip
https://twitter.com/Btcexpertindia/status/1484656471992242177

#Bitcoin is down ~50% from the November ATH, making this the second deepest drawdown in this halving cycle.

Corrections in 2017, and early-2021 were much shallower between 20% and 40%, whilst July 2021 reached a drawdown of -54%.

Source:- Glassnode

#Bitcoin balance on exchanges reached a 3-year low; according to @Viewbasecom, only 1.296M #BTC or about 6.2% of its circulating supply is held on centralized exchanges.

Source:- cryptorank