Dear readers, I hope you are doing well. Another volatile week for bitcoin has passed, fueled by some macroeconomic uncertainty and risk-free behavior in traditional markets. In addition, we received both positive news from Twitter about the integration of the Lightning Network, and negative news from China about the ban of bitcoin for the tenth time. Let's delve into some information that may be useful for understanding the current state of the market. Onchain-pulse from September 25, 2021 Key points: The market has absorbed two consecutive days of $650 million in net realized losses on Monday/Tuesday, a risk-free behavior in traditional markets. This week, foreign exchange balances increased by about $190 million, most of them went to Binance on Monday/Tuesday. After absorbing the losses, the market has now returned to the profit zone a little. Currently, BTC is between two large zones of on-chain volume. The price was very close to the level model that I built around the real-time bitcoin shortage. Both whales and small participants accumulate positions. Long-term investors with a small spending dynamics continue to hold bitcoins, 93% of the supply has not moved in a month (ATH). Hash power continues to return to the network, miners have slightly returned to accumulation after the sales that we have seen over the past month. #CryptoTrading
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