IntoTheBlock

IntoTheBlock

Bitcoin hit a new all-time high in daily transactions! Following the launch of Runes, a new token protocol that allows the launching of tokens/NFTs on Bitcoin, the number of Bitcoin transactions has increased rapidly. This spike in activity led to a new all-time high in daily transactions on Bitcoin of 927,000. This breaks the previous high of 724k set in...

IntoTheBlock

The large holder netflow indicators helps you to keep an eye on when the largest Bitcoin wallets (those holding >0.1% of the supply) accumulate or sell $BTC. Not only can these wallets seriously impact the markets, they often pick the best moments to accumulate or sell, meaning we can learn a lot from their behavior. Bitcoin has retraced quite significantly...

IntoTheBlock Updated 

The activity of large Bitcoin holders (those owning more than 0.1% of the total supply) is a telling indicator for market movements. A positive net flow means they're buying (accumulation), and a negative net flow indicates selling (distribution). Understanding these dynamics can give us a leg up in predicting market trends. On March 23rd, an intriguing...

IntoTheBlock

Bitcoin experienced a significant drop this week, with prices dropping as low as $63k at the time of writing. This idea brings some perspective to the situation. The chart contains the percentage of CRYPTOCAP:BTC holders in profit over time. The red boxes highlight prolonged periods where a vast majority of Bitcoin holders are in profit. These periods are...

IntoTheBlock

The Bitcoin halving is set to happen in April 2024. Here's what to expect👇 First, let's reflect on the Previous Halving: ➖ In 2020, after the last halving, the block reward dropped to 6.25 BTC ➖ Bitcoin's hash rate dropped by 30% within two weeks. ➖ Bitcoin's miner difficulty was also automatically reduced shortly after that, leading to new all-time highs in...

IntoTheBlock

IntoTheBlock tracks addresses by how long it has held an asset. In this case, we're looking at ETH "traders", addresses that have held CRYPTOCAP:ETH for less than 1 month. You can see this number increasing during bull markets, as new users join the network and become active, and decreasing in bear markets, as only long-term holders remain in the market. The...

IntoTheBlock

On-chain transaction volume is a valuable indicator for understanding the bullish or bearish momentum of CRYPTOCAP:BTC and can help spot reversals and break-outs. In the red box (2020), we see a pattern of transaction volume reaching high levels as the CRYPTOCAP:BTC price broke out above previous highs. Currently, CRYPTOCAP:BTC is experiencing a similar...

IntoTheBlock

This indicator measures the ratio of Bitcoin's market capitalization to the average purchasing cost of each address holding the asset. In short; it provides insight into the profitability of the average investor. A higher ratio suggests that the current market value of the asset significantly exceeds the average purchase cost, indicating that most holders are in...