Tag: supply

MicroStrategy boosts Bitcoin holdings with $615M purchase, eyes 1% of supply

MicroStrategy acquires 14,620 BTC for $615.7M, pushing total holdings to 189,150 BTC at $5.9B. CEO Michael Saylor remains bullish on Bitcoin, considering it the world’s most valuable asset class. The company’s proactive crypto strategy aligns with growing institutional interest, eyes 1% of Bitcoin supply. MicroStrategy (NASDAQ: MSTR), the business intelligence giant led by CEO Michael […]

68% of Bitcoin supply in loss after BTC price drop

Bitcoin supply in loss has risen to 68%, with 6.67 million BTC under water water at current spot price. Indeed, on-chain data shows 2.71 million BTC has fallen into loss as Bitcoin price dropped from the $31k local top. With sell-side risk ratio approaching its all-time lows, Glassnode analyst James Check says BTC could see […]

Bitcoin supply is dwindling, yet volatility will be the biggest benefactor

Key Takeaways Long-term holders are accumulating Bitcoin, with two-thirds of the supply stagnant for over a year Our Head of Research, Dan Ashmore, writes that liquidity on the demand side is also drying up, with order books thin and stablecoins fleeing exchanges This will kick up volatility in the short-term, leaving Bitcoin open to aggressive […]

Over two-thirds of the Bitcoin supply has not moved in a year

Key Takeaways Long-term holders continue to sit on their Bitcoin stashes Two-thirds of the supply has not changed hands in the last year, despite rampant volatility and a collapse of the Bitcoin price Over half the supply has not moved in 2 years or longer “Supply squeeze” is a seductive phrase thrown around among Bitcoin […]

Top 10,000 Bitcoin investors control one-third of the supply

Key Takeaways Bitcoin is a decentralised asset, yet large amounts are controlled by a select few The top 114 addresses hold nearly 3 million BTC, 15.5% of the total supply The anonymous Satoshi Nakamoto holds 5.2% of the supply MicroStrategy hold 0.68% of the supply   Whether you love or hate Bitcoin, the world’s first […]

Bitcoin supply on exchanges the lowest since 2017, but why? On-chain report

Key Takeaways 11.8% of the Bitcoin supply is currently on exchanges, the lowest mark since 2017 Supply of Bitcoin on exchanges has been consistently falling since March 2020, when crypto bottomed ahead of the explosive pandemic bull run Originally, people pulled Bitcoin to participate in vibrant crypto ecosystem, with high volumes and activity and much […]

Bitcoin hits $18,200 as 13% more of of BTC supply in profit

Bitcoin price jumped more than 5% on Thursday to hit levels above $18,400. According to on-chain data from Glassnode, the price rally has helped return 13% more BTC into profit; now 60.5% of circulating supply is in profit. Only 47%-48% of BTC had been in profit between November 2022 and the start of January, 2023. […]