1/ Where is the #Bitcoin bottom?
$BTC has fallen to $62K, nearly 50% below its ATH and down 24% in a month.
Price has now worked through the upper rungs of our pricing framework, moving into the cluster of valuation levels where past cycles have found their floor.
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"2% of accounts control 95% of all #Bitcoin "
Wrong.
BTC ownership is much less concentrated than often reported – and has dispersed over time.
Meanwhile, whale supply has increased – suggesting institutional investors arriving.
Report: insights.glassnode.com/bitcoin-supply…
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#Bitcoin is in a supply and liquidity crisis.
This is extremely bullish! And highly underrated.
I believe we will see this significantly reflected in Bitcoin's price in the upcoming months.
Let's take a look at the data.
A thread 👇👇👇
1+ year hodlers: selling
2+ year hodlers: selling
3+ year hodlers aka "been in a bull market before and know how this works": stacking sats
#Bitcoin
Chart: glassno.de/3ve2Cy0
While you're concerned with FUD, #Bitcoin simply continues to work as intended, securely producing block after block, like clockwork, following a deterministic supply schedule, controlled by no one, unstoppable since more than a decade.
Never lose sight of this amid the noise.
#Bitcoin supply has been steadily maturing to old hands.
From the peak at $65k, almost 2 million $BTC have transitioned from short-term to long-term holders.
Supply will not be able to match demand.
Be patient, #hodl.
Chart: glassno.de/3lNd3F2
#Bitcoin Accumulation Trend Score
- High values (⚫️): Increased whale accumulation
- Low values (🟡): Accumulation predominantly from small entities
Yes, you want to see those dark colors – big players scooping up BTC.
Bullish.
The uptick in addresses holding more than 1,000 BTC is a result of the WBTC custodian moving reserves into a bunch of newly created addresses.
Not "whale accumulation".
#Bitcoin
The amount of illiquid #Bitcoin supply in the network has grown more than the circulating supply since 2017.
Meanwhile, liquid supply continues to see a steep decrease.
Pair this with the demand from MSTR, Square, Tesla, Grayscale et al., and understand how bullish this is.
Ok, this is beautiful.
Experimenting with Coin Days Destroyed: Despite $BTC prices above $50k, 3-month CDD at low levels and recently declining.
Old hands extremely strong here, HODLers showing conviction and doing what they do best.
Doesn't look like a top to me.
#Bitcoin
