Read crypto research, data-driven reports, on-chain studies, and analytical deep dives into Bitcoin, Ethereum, and Web3 trends.
June brought on a significant increase in stablecoin buying power on exchanges, indicating there could be an increase in buying pressure on the market amid large Bitcoin and Ethereum outflows.
A small drop from the all-time high on June 22, when miners sent an equivalent of 315% of their daily mining revenue to exchanges.
June 27 marks the longest streak ever recorded of Bitcoin withdrawals from exchanges outpacing deposits to exchanges.
Only 11.71% of Bitcoin's supply is currently held on exchanges.
Bitcoin has maintained the $30,000 level throughout the weekend, putting 86.24% of UTXOs in profit. However, the decreasing 50-day SMA suggests that despite the recent surge in Bitcoin's price, the overall profitability of UTXOs has been on a downward trend over the past two months.
Analyzing the correlation between increased TUSD supply and the price of Bitcoin
On-chain data shows a significant change in short-term holder behavior, which has historically correlated with the end of bear cycles.
Continuous hodler accumulation has pushed Bitcoin's illiquid supply to its all-time high, now accounting for 78% of the circulating supply.
An often underrated on-chain metric, Bitcoin liveliness serves as a valuable barometer of market activity and provides insight into hodler behavior.
