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The past two weeks were not short of black swan events — the KuCoin hack, BitMEX charges etc.
And despite such developments, the price of Bitcoin remained above the coveted $10,500 support level and even rose above $11,500, where it remains today.
a short
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And despite such developments, the price of Bitcoin remained above the coveted $10,500 support level and even rose above $11,500, where it remains today.
a short
The number of Bitcoin that has not moved in over 12 months has reached an all-time high at 63%.
Source: @PositiveCrypto
Source: @PositiveCrypto
Roughly 18% of the circulating supply has moved within the past three months.
This represents ~ 3.33m BTC and the 90-day MA of price being ~$11,050. Therefore ~ $36.7 billion was traded between the demand & supply side over the last quarter.
https://twitter.com/bitcoinnomadic/status/1318126580128833536?s=20">https://twitter.com/bitcoinno...
This represents ~ 3.33m BTC and the 90-day MA of price being ~$11,050. Therefore ~ $36.7 billion was traded between the demand & supply side over the last quarter.
https://twitter.com/bitcoinnomadic/status/1318126580128833536?s=20">https://twitter.com/bitcoinno...
October has seen the lowest amount of Bitcoin on exchanges, suggesting that new buyers are entering the market and storing their wealth in cold wallets. https://twitter.com/woonomic/status/1313798080236380160?s=20">https://twitter.com/woonomic/...
Active addresses for Bitcoin continue to show levels seen back in 2017.
Keep in mind that over two years ago we were fully engulfed in the bull run euphoria whereas we are not even in the same magnitude.
source: @glassnode
Keep in mind that over two years ago we were fully engulfed in the bull run euphoria whereas we are not even in the same magnitude.
source: @glassnode
Bitcoin& #39;s hashrate has risen to a new all-time high, surpassing 144 EH/s.
Hashrate has risen almost 40% since the Bitcoin halving, suggesting the bitcoin fundamentals are as strong as ever, with the network being the most secure.
source: @blockchain
Hashrate has risen almost 40% since the Bitcoin halving, suggesting the bitcoin fundamentals are as strong as ever, with the network being the most secure.
source: @blockchain
Notable 2020 has bitcoin disclosures:
- PTJ (1-2% of assets)
- Microstrategy ($450m)
- Square ($50m)
- Fidelity (advocating investors allocate 1%-5%)
- Stone Ridge ($115m)
- Grayscale ($1b + inflows)
and many more
https://bitcointreasuries.org/ ">https://bitcointreasuries.org/">...
- PTJ (1-2% of assets)
- Microstrategy ($450m)
- Square ($50m)
- Fidelity (advocating investors allocate 1%-5%)
- Stone Ridge ($115m)
- Grayscale ($1b + inflows)
and many more
https://bitcointreasuries.org/ ">https://bitcointreasuries.org/">...
Ultimately, these metrics demonstrate that in spite of interest and price gains shifting towards DeFi and elsewhere (BTC dominance declining), metrics that would be considered BTC fundamentals continue to show incremental growth.
