#Bitcoin Realized Dominance: "Today, the dominance or capital held by short-term holders is at 35%. In the long-term perspective, Bitcoin still has significant growth potential..."
According to Reuters, El Salvador’s President Nayib Bukel’s government will move forward with plans for Bitcoin-backed bonds, building Bitcoin cities, and issuing passports to cryptocurrency investors if he wins the upcoming election.
Whales Withdraw #Bitcoin from BitMEX Again: A Historical Look at the Positive Impact of These Movements and the Need for Close Monitoring “Movements of large volumes of cryptocurrencies on this exchange are not random or merely speculative but are calculated and strategic actions."
Short-Term Holder Cost Basis ($38.3k), describing the average acquisition price of new demand. True Market Mean Price ($33.3k), a cost basis model for active investors. Retests of the STH Cost basis as support are typical during market uptrends, however, a decisive loss of this level would bring the True Market Mean into consideration. #Bitcoin
Digital asset investment products saw significant outflows last week, totalling US$500m. The outflows in Grayscale last week totalled US$2.2bn. Newly issued US ETFs saw inflows totalling US$1.8bn last week, and since launch on 11th January 2024 have seen US$5.94bn of inflows. #Bitcoin
Europe's Rising Crypto Confidence A new survey by #Binance shows a robust 73% of Europeans are bullish on crypto. This reflects a growing trend of digital asset integration across the continent
BTC Short Term Holder SOPR Losses, DCA Opportunities “The metric has been showing values below 1, which means that short-term investors are dumping #Bitcoin at a loss. This means that whale investors are likely to see this as a buying opportunity.”
The #Bitcoin Realized Price, which shows the average realized value of Bitcoin (is it cheap or expensive ), acts as an important support and resistance in corrections.