Bitcoin shrimps accumulated 35k BTC in the last 30 days
Bitcoin shrimps aggressive accumulation is the fourth fastest rate in the market's history and their total holdings is now past 1.3 million BTC.
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On-chain metrics shows weakness in Ethereum fundamentals suggesting the ETH/BTC ratio will continue falling in these uncertain times.
The macro narrative flips from recession to entrenched, sticky inflation creating headwinds for Bitcoin price appreciation.
Assessing public mining companies' hash rate increases and the effect on BTC difficulty
Given the historically different behaviors LTHs and STHs exhibit, the ratio between their realized prices can illustrate how the market dynamic is shifting.
New Glassnode data show NFTs on Bitcoin have caused mempool changes and increased transaction size by 100%.
Glassnode data analyzed by CryptoSlate shows that Bitcoin miners are beginning to enjoy some respite in the current year after struggling in 2022.