On-сhain Weekly Report №69 (Week 29 2022)

  1. Older coins have largely slowed their spending, instead younger coins are spending. This is a signal of high HODLer conviction.
  2. Long-term investors are significantly accumulating and taking Bitcoins off-market to the cold storages.
  3. The total unrealized losses are equivalent to around 55% of the market cap, which is larger than in March 2020.
  4. 1.539M BTC were last transacted between $17.6k and $21.2k. This indicates that around 8% of the circulating supply has changed hands in this price range.
taco

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Ivan Maltsev

Ivan Maltsev

Partner at 3xcapital.fund. Managing portfolios in crypto since 2017.