On-Chain College

Class of 2017 | My analysis is supported by @Binance | Analyst at Bitcoin Live | I help you stay convicted through volatility using data @ OCC Newsletter ↓

[On-Chain College @OnChainCollege]

If you remove #Bitcoin that hasn't moved in 10+ years, the percent of the supply in profit has recently reached all-time lows.

32.73% of the supply is sitting in profit, lower than all prior bear markets.

If bottoms occur during max pain, we are certainly there/close to it.

[Binance @binance]

Binance will cover all losses.

As a precaution, all deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement.

We are working around the clock and will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.

[glassnode @glassnode]

It looks like Binance was just hacked for around $5.3 billion worth of assets.

The largest pieces:
$1.66 billion in USDT
17,985 $BTC, about $1.45 billion
$767m in USDC

ETH and dozens of smaller tokens follow.

The total is still a small part of what Binance holds on-chain.

[On-Chain College @OnChainCollege]

@decodejar @chrono_chartist @nihkalowz @TXMCtrades @MatthewHyland_ @CredibleCrypto Appreciate you, Decode 🙌

[Bob Loukas 🗽 @BobLoukas]

Bitcoin appears to be confirming the new cycle here. These events provide a really clear and clean setup.

The upside target is around 30 to 45 days, room for a good advance. It is however not guarantee of a major upside move, but provides an excellent anchoring point because a loss of the recent lows ($79,600) is a level where you would want to get very defensive.

[On-Chain College @OnChainCollege]

@PeterLBrandt Thank you for everything, Peter

[Rafael @n3ocortex]

Conviction buyers doing what they do best: absorbing $BTC in downturns.

Accumulating straight through a -49% drawdown, and now holding ~4M BTC.

[Galaxy Research @glxyresearch]

🚨 A 3rd wave in what we suspect are hacks of Coldcard-generated addresses has been identified in which 207.7294 BTC has been drained.

Our estimated observed size of the Coldcard hack is now 1,367.05 BTC (~$88.6m) across 4,585 addresses.

More updates in the thread below 👇

[On-Chain College @OnChainCollege]

Encouraging to see Gen Z investing earlier than prior generations.

Great chart from @binance

[On-Chain College @OnChainCollege]

Bitcoin is starting to show some fight but it’s not a real momentum shift until price can hold above $68.8K

[On-Chain College @OnChainCollege]

@2009proof Always a good tip, historically speaking

[On-Chain College @OnChainCollege]

Bitcoin is starting to show some fight but it’s not a real momentum shift until price can hold above $68.8K

[On-Chain College @OnChainCollege]

Patience is the play

[On-Chain College @OnChainCollege]

$5.7B in SpaceX Pre-IPO Perps on Binance on IPO Day.

Eventually, Bitcoin becomes boring and forgotten and money shifts elsewhere.

And that’s exactly when it’s time to pay attention to Bitcoin.

Everything is cyclical.

[On-Chain College @OnChainCollege]

Funding on @binance flipped negative at the bottom.

First time in 3 weeks funding has turned negative.

Expect a continued uptrend should funding stay on that side of the coin.

[On-Chain College @OnChainCollege]

Normal, cyclical behavior for Bitcoin.

No, it’s not dead.

Yes, there will be brighter days.

Best advice I give to anyone going through their first market like this is to touch grass. I certainly have been.

More thoughts in a write up later this week.

[On-Chain College @OnChainCollege]

@JVDubbz I’m waiting a bit more. Will be writing about it this week.

[On-Chain College @OnChainCollege]

Bulls flinched. Now we wait to see where this finds support.

[On-Chain College @OnChainCollege]

Bitcoin is compressing around multiple key on-chain levels.

Bulls want to see $75K hold.

Bears want to see price under $81K.

A market in equilibrium. Who will flinch first?

[On-Chain College @OnChainCollege]

No more pennies and now a $250 bill #inflation

[Kalshi @Kalshi]

JUST IN: US reportedly designing $250 bill with Trump on it

[On-Chain College @OnChainCollege]

Bitcoin is compressing around multiple key on-chain levels.

Bulls want to see $75K hold.

Bears want to see price under $81K.

A market in equilibrium. Who will flinch first?

[On-Chain College @OnChainCollege]

Bitcoin is now BELOW the STHCB, which sits at $78.3K.

Weakness here shows a lack of follow through from the bulls. The 128DMA at $75.2K is the next point of interest.