⚡️ Glassnode
▫️Over 80% of total USD-denominated Bitcoin investments have been in the hands of holders for at least 3 months.
▪️ This means that most of the Bitcoin supply is dormant and holders are increasingly reluctant to spend.
⚡️ Glassnode
▫️ The Bitcoin network continues to shrink as the number of new addresses hits an 11-month low near 374,000 BTC addresses.
▪️ Typically, a steady decline in the number of new addresses created in a particular blockchain causes the price to decrease over time.
Few would argue that an 8-month correction in cryptocurrency prices could be considered a "bear market" state. However, we have noticed that the peak of a bear market is often referred to after a price decline, just before the price flattens or reverses.
⚡️ Glassnode
▫ ▫ Bitcoin's medium volatility is active, and investors and prices can accept incoming data and market reactions.
◾️ Continue to demonstrate economic growth pattern as consumer confidence declines.
⚡️ Glassnode
▫�� Bitcoin was rejected at $21,000 resistance, but decisive price action moved support to $19,000.
▪️ The supply of long- and short-term holders in terms of losses and gains indicates a rebound in hoarding and saving behavior.
⚡️ Santiment
▫️ As we approach mid-July and the next Fed decision, Bitcoin social sentiment has shown unprecedented optimism this week. Ideally, the skeptical crowd will remain skeptical as prices rise with little resistance.
⚡️ Bitcoin Magazine
▫️ Long-term holders temporarily stop capitulation, and while more blue is expected, historically, the bottom of the blue area appears relatively early
🔴 < 0 = short-term holders surrender
⚫️ < 0 = long holding surrender
🟦 area = surrender
⚡️ Plan B
▫️ Bitcoin bounces back to 200WMA and achieves price level. Let's see if it holds up. BTC at $24,800 would bring the RSI back to 45.
▪️ A positive scenario could emerge and await the market, especially after the worst quarter and month in the history of BTC trading.
⚡️July 8, 2022 Market
▫️Bitcoin returned to the $22,000 mark, pulling the market up slightly. July looks better for Bitcoin than the previous worst month in Bitcoin trading history.
- Total market capitalization: $1,023 billion (up 5.3%);
- 24-hour volume: $79 billion;
⚡️ Glassnode
▫️ More than $12.98 million was deposited into Ethereum 2.0, 62% of which was before ATH in November.
▫️ However, only 17% of ETH depositors are now profitable as ETH prices have dropped by more than 78% and coins cannot be withdrawn.
It seems that without me your life will not be wrong, you are happy when you are happy, you are still sad when you are sad, in your world I am side by side with everything, maybe not as good as everything #Bitcoin#ETH
⚡️ Glassnode
As network activity and prices drop, so does the number of active addresses.
Address activity dropped 13% from over 1 million per day in November to just 870,000 per day today. This shows little growth in new users and even problems with retention of existing users
⚡️Bitcoin
▫️Bitcoin’s June monthly close fell sharply, with prices down 43% from their 2021 highs over the past 6 years.
▫️ Despite this, Bitcoin is still up 118% compared to 2020.
Santiment
The vast majority of the biggest spikes in Bitcoin whale trading last week occurred after a small $100-$200 price rally. On every transaction over $100,000 or $1 million, the price drops after a brief rise
Love is silently writing down your preferences in the bottom of your heart, hoping to know more about you. Love is beautiful and intoxicating. 100 sentences describing love, each sentence is like love itself, beautiful and charming
Revisiting the Bitcoin cycle using on-chain and cycle theory. Arranged by ATH, and scaled by realized price, we can distinguish between explosion peaks and distribution peaks.