The #Bitcoin market has shifted into a distribution phase at

The #Bitcoin market has shifted into a distribution phase at the turn of the year, with Accumulation Trend Score currently at 0.21. This suggests net selling across most holder cohorts: https://glassno.de/4h6HSPX

#BTC

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The Mayer Multiple is an oscillator calculated as the ratio of #Bitcoin's price to its 200-day moving average (200DMA). The 200DMA is a widely recognized tool for gauging macro bull or bear bias. The Mayer Multiple measures how far $BTC is from this long-term average:

Following a period of consolidation, the volume settled on the #Bitcoin network has declined from an ATH of $20.7B to a value of $11.2B (-45.9%). However, the value remains elevated from a historical standpoint, with only 67 / 5857 (1.1%) trading days recording a larger value.

#Bitcoin’s current 60-day price range is very narrow. Historically, periods of tight price ranges often preceded heightened volatility: https://glassno.de/4h4826d

Demand from retail investors for #Bitcoin at prices around $100K remains strong - The Shrimp-Crab cohort (up to 1 and 10 #BTC, respectively) absorbed 1.9x the newly mined Bitcoin supply last month, a total of +25.6k $BTC: https://glassno.de/3WtHYJw

The #Bitcoin Hash Rate remains elevated at 769 EH/s. This is equivalent to 769 quintillion guesses every second in an attempt to solve the Block puzzle.

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