
Research: Miner data shows Bitcoin could have bottomed
Hash ribbons, miner balances, mining difficulty, and the Puell Multiple all show that Bitcoin reached its bottom and could be recovering.
Read crypto research, data-driven reports, on-chain studies, and analytical deep dives into Bitcoin, Ethereum, and Web3 trends.

Accumulation addresses have grown by 18% since the beginning of 2022, reaching an all-time high of 700,000 addresses.

Bearish signals within the U.S. economy show consumer savings at a decade low and consumer credit at a 22 year high — could Bitcoin be the solution?

Users drawn in by the bull market are riding out the bear market and resuming their activity once conditions improve.

More than 75% of all Bitcoin in existence — 14.8 million BTC — is currently held in cold storage or non-custodial wallets.

Short-term Bitcoin holders buy between $17k and $48k with elevated buying from addresses owning less than 1 BTC around the $20k level.

Smaller holders are not only participating in but are also contributing to the rapid growth of the Bitcoin network, but whales still hold 4x more BTC.



