
Research: Whales selling at the 3rd most aggressive rate in BTC history
Those with more than 1000 Bitcoin in their wallet have been the net sellers in recent times and for most of 2022.
Read crypto research, data-driven reports, on-chain studies, and analytical deep dives into Bitcoin, Ethereum, and Web3 trends.

The network's total hash rate currently stands at 240 EH/s and is expected to increase even further.

Spiking hash rates make Bitcoin mining more competitive than ever before. In this environment, mining revenue continues to slump. But the extent to which miners are selling BTC is lessening.

A September bloodbath is a recurring theme both in crypto and in tradfi, but it has historically been followed by a positive Q4. But, with midterms approaching and macro uncertainty increasing, historical patterns could be broken.

The Poolin Bitcoin mining pool sees a sharp drop in hash rate and block rewards following a freeze on withdrawals due to liquidity problems.

Prior to Feb. 2021, GBTC was trading at a premium of up to 20%. As of Sept. 30, the share price has slipped into the discount area with its current price of $12,508 (priced with a -36.2% discount).

While the spikes we've seen in Bitcoin trading volume might not signify that mass adoption is near, they show that it's beginning to act as a safe haven asset.



