Bitcoin Supply Dynamics Are Looking Extremely Strong
The amount of bitcoin as a percentage of circulating supply that hasn't moved in one year is near an all-time high.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Despite our cautious macroeconomic outlook, bitcoin supply side dynamics look extremely strong. The amount of bitcoin as a percentage of circulating supply that hasn’t moved in one year or more is approximately 1% away from all-time high levels.....
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The supply-side dynamics of the Bitcoin network continue to demonstrate strong adoption as there are now more addresses with a positive BTC balance than ever before. On-chain statistics through February have suggested positive sentiment for Bitcoin as addresses with a non-zero balance of BTC reached an all-time high.Additionally, those wallets with a positive BTC balance are increasingly hodling their coins. The amount of BTC circulating supply last moved between three and five years ago reached a four-year high of just over 2.8 million coins, according to data from on-chain analytics firm....
Power Dynamics are comprised of three elements - Authority, Information & Money. The three elements of power dynamics just mentioned are often interrelated. Achieving any one of the three brings the other two closer. The President has authority. The Governments have information. Google has information and hence money. Richard Branson and Mark Cuban have money, hence authority. It is often interesting to see the world through the power dynamics lens. For the reader willing to develop the skill of Power Spotting, here is a video I recommend. The power dynamics have been institutionalised,....
On-chain data shows that the percentage of Ethereum supply present on exchanges has set new lows of around 14%. Ethereum Supply On Exchanges Continues To Go Down As pointed out by an analyst in a CryptoQuant post, the ETH supply present on exchanges has been going down since a while now. It has now hit new lows of about 14%. The “percentage supply on exchanges” is an indicator that shows the share of the total Ethereum supply stored in wallets of all exchanges. Usually, this supply present on exchanges is said to be the selling supply of ETH, and so if the indicator’s....
HODL waves data show that bitcoin demand is outpacing supply, indicating an upcoming BTC price rise.
How the Mt. Gox rehab plan and Omicron emergence act as a sword of Damocles above otherwise splendid on-chain supply dynamics.