Bitcoin has once again rejected below the psychological $20k region, plunging Short-Term Holders into severe unrealized loss. However, HODLers remain steadfast, with numerous metrics displaying a full cycle detox.
Topics for Discussion:
Momentum of new on-chain activity and retail particiption.
Divergence between Long- and Short-Term Holder behaviour.
Impressive resilience of Bitcoin Long-Term Holder.
The risk of filling in the price gap back below $17.5k.
Timestamps
0:00 Introduction
2:43 Bitcoin Price Action
3:14 Number of New Entities
5:13 New Entities Momentum
7:56 Median Transfer Volume
9:45 Retail Participation Momentum
10:37 Miner Revenue from Fees
11:50 Spent Volume by 6-month Old Coins
14:13 Realized Cap HODL Waves
15:48 CDD-90
17:23 URPD Coin Distribution by Long and Short-Term Holders
19:30 Supply in Profit Held by Short-Term Holders
20:52 Short-Term Holder Cost Basis Momentum
22:25 Summary and Conclusions