The algorithm of halving the output of Bitcoin in four years is still quite ruthless
Now the block reward is 6.25 $BTC
By 2032, ten years later, it will be 0.78125 $BTC
Block rewards dropped by 87.5%
$BTC short-term holders
Short-term holders are usually the most sensitive to price fluctuations and sell at the slightest sign of trouble. They are holding low amount of $BTC right now, which also indicates that these people have handed over their chips
1/
At present, short-term holders are indeed handing over chips, and the amount of BTC held by short-term holders is indeed at a relatively low point. This feature also appeared in the bottom of the bear market in the first 5 times
Who will win tonight ⚽️?
🅰️= Japan
🅱️= Spain
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1/ The blue line and the green line have converged for the fifth time recently, and the previous four times were close to the lowest point of the cycle, but the confluence time is half a year to a year
It is currently bottoming and will end in the second half of 2023
This charts presents the BTC volume of supply in Profit and Loss, compared to the circulating supply.
The blue line represents the total number of bitcoins in profit
The green line shows the total number of bitcoins in loss
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DON'T SKIP THIS CHART!
It shows there is fairly enough demand for ETH to be deflationary after MERGE
No doubt ETH is going to fly in the next few years🚀
Our community is growing and we are excited to share some information with our followers!❤️
1) To celebrate the growth, we will host a giveaway soon.🏆🎊
2) Discord invitation links will now only be sent out to a selected few, to ensure we have an engaged community.🌈🏡