Over the last month, we have seen $10M+ transactions dominating volume, reaching as high as 84% of overall volume. This is reflective of batching and the presence of institutional capital.
We're finally starting to see entities with 100-1K BTC increase their holdings again.
These entities have offset the decrease in holdings of whales over the last month by 948 BTC.
In the last 30 days:
- Whales holdings (>1K) down 60,597 BTC
- Entities with 100-1K up 61,545
An estimated 38.2% of BTC supply is lost
92% of supply hasn't moved in at least 30 days
85% of supply hasn't moved in at least 90 days
The scarcity of #Bitcoin cannot be overstated.
consumer behavior shifts all the time, a simple history lesson will show you how many thought Jackson Pollock and many of his contemporaries were silly, not art and much more... we get to all relive histroy together, today, as we enter the digital ownership era
In the presence of rampant inflation, cash & credit become crumbling liabilities. Convert your balance sheet to #bitcoin to turn liabilities into assets.
It's okay #Bitcoin, don't feel lonely, here's some things that China also banned:
Movies about time travel
Alice in Wonderland
Brad Pitt
Gaming Consoles
Winnie the Pooh
Harrison Ford
The letter 'N'
Avatar 2D (3D was okay though)
Richard Gere
Jasmine flowers
Having a big family
The capacity of the Lightning Network has now reached 2,738 BTC. In just the last week we've seen the two largest daily upticks in LN capacity ever.
This growth is crucial for BTC to eventually make the transition from primarily being a store of value to a medium of exchange.
Whales buy tend to buy when BTC price is cheap and then distribute to retail as the market gains momentum.
Whales have begun accumulating again since late July, after selling since February.