Current on-chain measures for BTC as of May 29, from analysts at Glassnode and CryptoQuant.

1. The average influx of BTC to exchanges is now very small and amounts to 25,900 BTC per day. This suggests that there are not many people willing to sell at current prices.

2. Available supply of#BTCon crypto exchanges is at multi-year lows. The difference is especially clearly visible when comparing the number of coins on exchanges at the high of the last cycle and now. The rate is almost the same, the difference in#BTCon exchanges is significant.

3. Despite the fact that the#BTCrate was unable to maintain the level of $70,000, the situation with unrealized profits/losses for the asset is now much better than in March, when the price was about the same. Unrealized gains for short-term holders are at their lowest ever (3% now, down from 69% in early March). And this means two things: 

- fixation of their positions did not lead to a significant correction, the offer was bought out,

- pressure from sellers is now significantly less.

4. For BTC, there is an increase in the supply of long-term holders, an increase in the number of whales, and an increase in the price of BTC. Addresses of#BTCwhales at historically maximum activity. All this means that accumulation is taking place.