Bitmaniak

#bitcoin on-chain analytics & stuff

[Bitmaniak @bit_maniak]

@walletofsatoshi

[Bitmaniak @bit_maniak]

@knutsvanholm 🚀

[Knut Svanholm ∞/21M @knutsvanholm]

Ok, here's the first idea for #BitcoinInfinityDay on Aug 21
(♾/21M)

On the 21st of August you either buy or #HODL . Selling #bitcoin for any reason on this day is not allowed

If we can get enough people to do this, the price will be almost guaranteed to go up on that day!

[Bitmaniak @bit_maniak]

Hey Purpose #bitcoin ETF, pls leave some coins for everyone else

[Bitmaniak @bit_maniak]

Lord, give me the courage to stack sats like a Canadian ETF

#bitcoin

[Bitmaniak @bit_maniak]

@jjwdub @AtomicFinance What do you currently do with your WBTC?

[Bitmaniak @bit_maniak]

Don’t underestimate the impact of #DeFi on #Bitcoin.

It will suck supply off the market like a black hole.

This is bullish.

Quick recap 👇

[Bitmaniak @bit_maniak]

I expect BTC-native DeFi to attract 10X more BTC than WBTC. If that happens, 13% of all BTC supply could get locked up very quickly.

Exciting times ahead. Bullish af over here.

END/

[Bitmaniak @bit_maniak]

Now …. all of the above is BTC sucked into #eth DeFi. The “wrapping” in WBTC isn’t exactly trustless. Lots of bitcoiners are resistant. But teams like @AtomicFinance are building #bitcoin-native DeFi with similar strategies as @ribbonfinance 8/

[Bitmaniak @bit_maniak]

@jjwdub How do you estimate lost coins? I use 10Y+ as proxy but that only 2.1M coins. How do you satashi had 1M?

[Bitmaniak @bit_maniak]

Love seeing how CDD keeps trending down (red arrow) => old hands are selling less and less. #HODL

In fact CDD hasn't been this low since Oct 2020 (green line)

Get ready for phase 2 of the bull market 🚀

[Bitmaniak @bit_maniak]

👀👀👀

[Lygos.Finance ⚛️ @LygosFinance]

We've started onboarding our first beta users.

Potentially promising

[Bitmaniak @bit_maniak]

@jjwdub Agreed. How do you get to 14M BTC btw?

[Bitmaniak @bit_maniak]

@jjwdub don't be a bear