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$BTC â at what price to buy? It doesn't matterđ€
It doesn't matter what price you bought BTC at, the only question is what the average entry point will be and where you will ultimately lock in your profitsđ«±
Let's take the well-known MicroStrategy as an example. The company bought BTC 40 times in 4 years, investing almost $10 billion . Purchases were at 50K and 60K in 2021 and 16K in 2022.
â They kept buying regardless of the price. And ended up with an unrealized profit on the entire position exceeding $6 billion .
#Bitcoinâ #onchain #BinanceLaunchpoolHMSTR #CATIonBinance #TrumpFirstBTCUse
It doesn't matter what price you bought BTC at, the only question is what the average entry point will be and where you will ultimately lock in your profitsđ«±
Let's take the well-known MicroStrategy as an example. The company bought BTC 40 times in 4 years, investing almost $10 billion . Purchases were at 50K and 60K in 2021 and 16K in 2022.
â They kept buying regardless of the price. And ended up with an unrealized profit on the entire position exceeding $6 billion .
#Bitcoinâ #onchain #BinanceLaunchpoolHMSTR #CATIonBinance #TrumpFirstBTCUse
đ€ Weekly inflows into spot Bitcoin ETFs totaled $397 million
Ethereum ETFs continue to see outflows, $26.26 million in a week.
#Bitcoinâ #ETHđ„đ„đ„đ„ #trading #onchain #Tutorial
$BTC $ETH $BNB
Ethereum ETFs continue to see outflows, $26.26 million in a week.
#Bitcoinâ #ETHđ„đ„đ„đ„ #trading #onchain #Tutorial
$BTC $ETH $BNB
đ Whales are making moves, withdrawing large amounts of $INJ , $RENDER , and $MATIC from exchanges. Keep an eye on these assets as the big players shift their strategies!
#onchain #inj #Altcoinseason2024 #Launchpads
#onchain #inj #Altcoinseason2024 #Launchpads
đ„ Mining Difficulty is Rapidly Increasing!
This time it has increased by +9.95%. Reached a new ATH. On-chain metrics push Bitcoin upwards, currently we just need to wait for the next leg up.
#BTC #mining #onchain #bitcoindifficulty #crypto2023
This time it has increased by +9.95%. Reached a new ATH. On-chain metrics push Bitcoin upwards, currently we just need to wait for the next leg up.
#BTC #mining #onchain #bitcoindifficulty #crypto2023
The liquidity gap left by the collapse of FTX and Alameda, which we dubbed the âAlameda Gap,â has persisted into February, with BTC market depth still well below its November levels
#BTC #onchain #bitcoinupdate #ftxcollapse
#BTC #onchain #bitcoinupdate #ftxcollapse
Onchain data shows that retailers have been accumulating bitcoin (BTC) at the fastest pace since the collapse of FTX, a cryptocurrency exchange.
#ftx #onchain #BTC #crypto2023 #dyor
#ftx #onchain #BTC #crypto2023 #dyor
#BTC Active addresses vs Price action #onchain #analysis chart
source: Glassnode
#ExchangeWithKindness #crypto2023
source: Glassnode
#ExchangeWithKindness #crypto2023
Bitcoin On-Chain Data Reveals Positive Sentiment Among Investors
In recent years, the world has witnessed an explosion in the popularity of cryptocurrencies, especially Bitcoin. Despite its volatile nature, Bitcoin has continued to attract investors who believe in its potential as a store of value and an alternative to traditional financial instruments. As a result, tracking Bitcoinâs on-chain data has become a popular way of monitoring the health of the cryptocurrency market.
Recently, CryptoQuant, a popular on-chain data analytics platform, released new data on Bitcoinâs on-chain highlights, providing insights into the current state of the cryptocurrency. According to the data, Bitcoinâs Stablecoin Ratio has âReturned to May 2022â levels.
This is an important metric because it measures the potential purchasing power of Bitcoin. When the ratio value is low, it means there is a high ability to buy additionally. The current indicator suggests that the Buy & Hold portion has increased, meaning that current buying sentiment has improved significantly, in contrast to the second half of 2022.
In addition, the data also reveals that Bitcoinâs Realized Price has found a support line in the March 10 drop. This means that when Bitcoin fell sharply due to issues in the banking sector, including Silvergate, it fell to near the realized price but was supported and rebounded, suggesting that Bitcoin investment sentiment is solid among risky assets. This is a positive sign for investors who are holding Bitcoin for the long term.
Another important metric provided by CryptoQuant is the Distribution of Bitcoin by UTXO Period (Based on Realized Price). This metric shows the average purchase price by coin holding period and reveals that most new buyers in the last week are profit rights. Specifically, the data shows that buyers who have held Bitcoin for 0 days to 1 day have an average purchase price of 26,556 USDT, while buyers who have held Bitcoin for 1 day to 1 week have an average purchase price of 23,808 USDT.
Overall, the new data released by CryptoQuant provides valuable insights into the current state of the Bitcoin market. While the cryptocurrency market is notoriously volatile, these metrics suggest that there is a positive sentiment among buyers and investors, which is likely to support the cryptocurrencyâs growth in the coming months.
#Bitcoin #BTC #CryptoQuant #onchain #azcoinnews
This article was republished from azcoinnews.com
Recently, CryptoQuant, a popular on-chain data analytics platform, released new data on Bitcoinâs on-chain highlights, providing insights into the current state of the cryptocurrency. According to the data, Bitcoinâs Stablecoin Ratio has âReturned to May 2022â levels.
This is an important metric because it measures the potential purchasing power of Bitcoin. When the ratio value is low, it means there is a high ability to buy additionally. The current indicator suggests that the Buy & Hold portion has increased, meaning that current buying sentiment has improved significantly, in contrast to the second half of 2022.
In addition, the data also reveals that Bitcoinâs Realized Price has found a support line in the March 10 drop. This means that when Bitcoin fell sharply due to issues in the banking sector, including Silvergate, it fell to near the realized price but was supported and rebounded, suggesting that Bitcoin investment sentiment is solid among risky assets. This is a positive sign for investors who are holding Bitcoin for the long term.
Another important metric provided by CryptoQuant is the Distribution of Bitcoin by UTXO Period (Based on Realized Price). This metric shows the average purchase price by coin holding period and reveals that most new buyers in the last week are profit rights. Specifically, the data shows that buyers who have held Bitcoin for 0 days to 1 day have an average purchase price of 26,556 USDT, while buyers who have held Bitcoin for 1 day to 1 week have an average purchase price of 23,808 USDT.
Overall, the new data released by CryptoQuant provides valuable insights into the current state of the Bitcoin market. While the cryptocurrency market is notoriously volatile, these metrics suggest that there is a positive sentiment among buyers and investors, which is likely to support the cryptocurrencyâs growth in the coming months.
#Bitcoin #BTC #CryptoQuant #onchain #azcoinnews
This article was republished from azcoinnews.com
QuarkID project collaborates with on-chain digital identity solutions firm Extrimian and Matte Labs, the company developing zkSync Era.
#onchain #crypto2023
#onchain #crypto2023
NFT AMM protocol sudoswap announced that its V2 is live, which introduces new features including on-chain royalties, custom creator settings, and more.
#nft #onchain #nfts #crypto2023
#nft #onchain #nfts #crypto2023
Maple Finance has introduced a cash management pool. Â Specifically designed as an #onchain cash management solution - the pool simplifies access to US Treasury bill yields and meets the liquidity, risk and accounting requirements of customers.
#crypto2023 #cryptonews #dyor
#crypto2023 #cryptonews #dyor
#bitcoin transaction fees are now higher than they were at the peak of the 2021 bull market.
source: Glassnode
#crypto2023 #onchain
source: Glassnode
#crypto2023 #onchain
The Avalanche Foundation, the organization behind the Avalanche blockchain platform, has announced a new initiative called Avalanche Vista, which will allocate up to $50 million to purchase real-world assets (RWA) and bring them on-chain.
#crypto2023 #avalanche
#onchain
#crypto2023 #avalanche
#onchain
