#Bitcoin price going down and accumulation addresses up as per on chain data is goin up. Looks like majority are accumulating the dip 💪.

Over the course of #Bitcoin's life, a staggering $8.89 Trillion in value has been settled on-chain.

We can further breakdown volume by whether it was in profit, or loss:
Volume in Profit = $5.10 Trillion
Volume in Loss = $3.79 Trillion

The Canadian #Bitcoin Purpose ETF has added 6,341 $BTC in assets under management since the $69k ATH.

This represents an increase of 26.2% in coin holdings, even whilst prices drawdown over 34% in that time.

Miners are accumulating #Bitcoin at the fastest rate since May 2021

#Bitcoin Exchange reserves decrease
Exchange reserves decrease even more after BTC turned up from the 40k support. Data indicate investors believe Bitcoin is going to recover.

The 3rd largest #Bitcoin  whale wallet added 1,209 more #BTC  this week at $42.8k average cost for a total of $51.8M

Low $40k seems to be the #whale's new accumulation zone, 15,839 BTC added since Nov 12, sold 0

Only 643 BTC left to catch up to Saylor now

#Bitcoin investors have realised large losses during this sell-off, with net daily losses between $600M and $875M/day.

Whilst these are significant sums, they remain small relative to $1B+ losses realised during the May-June capitulation, and the deleveraging of 4-December.

El Salvador is now down over $20 million since investing in #Bitcoin

El Salvador 🇸🇻 Holding 1801 Bitcoins.

🔺 29,400 #Bitcoin taken off Coinbase.

Addresses with 1 #Bitcoin or more rising fast: 896,508

Lower prices are an opportunity to build generational wealth! 🤑 Bitcoin Archive

#Bitcoin on exchanges continued to hit a new low:

BTC exchange balances have been in a downtrend since March 2020, this trend has not been reversed since the correction from the $69k #BTC cycle top.

Even during the $25k relief rally, BTC exchange balance hit new low.

1.5 years ago China banned #Bitcoin mining. Today we have a new All- Time High in Hashrate.

You can't stop Bitcoin. Time to accept that.👌

🔥 #Bitcoin hash rate new all-time high!

The #Bitcoin Hash Price has reached an all-time-low of $66,500 per Exahash.

This means that $BTC miners are earning the smallest reward relative to hashpower applied in history, and likely puts the industry under extreme income stress.

#Bitcoin hash rate hits NEW ALL-TIME HIGH.

Today is the first day of December and #Bitcoin produce the 12th consecutive red monthly Heikin Ashi candle.

After 5+ months of red candles, a green monthly candle has marked the end of each bear market.

🇺🇸 US Senator Warren introduces bill to KYC self-custody #Bitcoin wallets, surveil users and crack down on privacy tools.

A direct attack on freedom and privacy 🆘

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

#Bitcoin is still a tiny fraction of world assets:

BTC
▓ $0.44T

Gold
▓▓▓▓ $11T

S&P 500
▓▓▓▓▓▓▓▓ $36T

Global Equities
▓▓▓▓▓▓▓▓▓▓▓▓▓ $110T

Global Debt
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓ $300T

Global Real Estate
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓ $325T

#glassnode
#Bitcoin block 800,000 has just been mined!

A quick 🧵 on some #Bitcoin network stats up until this point:

A total of 19.437M $BTC have been minted, and 268.7k $BTC in fees paid out to miners.