Luna collapse one year on, what can we learn from on-chain?

Quick Take

• One year after the de-pegging of UST, it continued to lose its peg against the dollar.
• We also got the infamous tweet from Do Kown:  “Steady Lads, deploying more Capital.”
• During this period for the next month, Bitcoin continued to break lower until it found a bottom in June around $19,000 – $20,000.
• As we start to see, the cohort supply was last active 1+ years ago; this cohort bought within this time frame and has held through this turbulent period.
• Currently, 68% of the supply would be under this cohort, but we expect this number at the end of May and June to be higher and potentially make new all-time highs.

Analyst View profile →

James Van Straten

Former Lead Analyst • CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

@jvs_btc LinkedIn

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