#BTC_Update
Bitcoin supply held by whales with a balance of 1K–10K spiked as BTC trades near $30,000. There were 17 new whales birthed on the blockchain this week, while at the same time the overall holdings of whales increased upwards by 65,429 BTC.
Bitcoin supply held by whales with a balance of 1K–10K spiked as BTC trades near $30,000. There were 17 new whales birthed on the blockchain this week, while at the same time the overall holdings of whales increased upwards by 65,429 BTC.
Binance was by far the largest receiving exchange for #BTC through H1 2021. Outflows have commenced. The supply squeeze is coming.
✅✅✅ Unusual Exchange Outflows
33,182 #BTC ($1,332,141,114)
aggregated outflows from multiple exchanges in an hour
1. Coinbase Pro 30,764 BTC (92%)
2. Binance 1,107 BTC (3%)
3. Huobi Global 552 BTC (1%)
Very bullish 🚀
33,182 #BTC ($1,332,141,114)
aggregated outflows from multiple exchanges in an hour
1. Coinbase Pro 30,764 BTC (92%)
2. Binance 1,107 BTC (3%)
3. Huobi Global 552 BTC (1%)
Very bullish 🚀
Today, the largest outflow of BTC from exchanges has been recorded since 2016. As with ETH, investors are withdrawing their BTC from exchanges in huge volumes. Indirectly, this is a bullish signal for the market. This can be partly explained by the consequence of Binance's new limits on BTC withdrawals for customers who have not passed KYC.
But this is hardly the only reason - it's obvious that investors are afraid of new restrictions from regulators. But the main thing is that they are not going to sell their BTC. And this is a direct indication of its growth.
#BTC
But this is hardly the only reason - it's obvious that investors are afraid of new restrictions from regulators. But the main thing is that they are not going to sell their BTC. And this is a direct indication of its growth.
#BTC
One of the biggest misconceptions about #BTC is that its supply consolidates into the hands of few. This couldn't be more wrong
Bitcoin's supply distribution has never been healthier!
What you see is that retail investors (<0.001-10 BTC) absorb a growing portion of supply over time
Keep in mind, this is not including the retail-sized market participants that keep their holdings on exchanges. I suspect the amount of supply held by retail is MUCH higher than shown by on-chain data
Bitcoin's supply distribution has never been healthier!
What you see is that retail investors (<0.001-10 BTC) absorb a growing portion of supply over time
Keep in mind, this is not including the retail-sized market participants that keep their holdings on exchanges. I suspect the amount of supply held by retail is MUCH higher than shown by on-chain data
Miners have been accumulating #BTC for over 5 weeks now
The total market value of cryptocurrency is $1.84 trillion, once again falling below $2 trillion. At present, the share of #BTC 's market cap has risen to 42.9%, a record high of nearly 5 days.
Long term investors keep on buying #BTC like nothing has happened
Sooner or later there will be a supply squeeze to the upside 📈
Sooner or later there will be a supply squeeze to the upside 📈
#BTC: Traders activity
Looking at the chart, you can see that Asian traders make the best buys; they buy much earlier and better. As we know, 80% of CME Bitcoin futures' traders are Asians. Western traders tend to buy on the renewal of peaks, especially retail investors. Current Western purchases are mainly among institutionals, and they always buy without attracting public attention.
Trigger line with the value of 20:
- below 20 for Asian purchases;
- above 20 for Western purchases.
Looking at the chart, you can see that Asian traders make the best buys; they buy much earlier and better. As we know, 80% of CME Bitcoin futures' traders are Asians. Western traders tend to buy on the renewal of peaks, especially retail investors. Current Western purchases are mainly among institutionals, and they always buy without attracting public attention.
Trigger line with the value of 20:
- below 20 for Asian purchases;
- above 20 for Western purchases.
#BTC hash rate is almost back to the ATH after China ban.
Despite the recent dump, #BTC hash rate keeps going up!
The market is confidently moving towards a ‘supply shock’
#BTC balance on exchanges is at a three-year low 👀
We all know that eventually it will result in a strong rally 🚀
#BTC balance on exchanges is at a three-year low 👀
We all know that eventually it will result in a strong rally 🚀
#BTC_Update
4 YEARS = 2013 Top to 2017 Top
4 YEARS = 2015 Bottom to 2018 Bottom
4 YEARS = 2017 Top to 2021 Top
4 YEARS = 2018 Bottom to 2022 Bottom (?)
4 YEARS = 2013 Top to 2017 Top
4 YEARS = 2015 Bottom to 2018 Bottom
4 YEARS = 2017 Top to 2021 Top
4 YEARS = 2018 Bottom to 2022 Bottom (?)
MicroStrategy has increased its #Bitcoin Holdings by ~2,500 #BTC. As of 12/27/22 @MicroStrategy holds ~132,500 bitcoin acquired for ~$4.03 billion at an average price of ~$30,397 per bitcoin. $MSTR