Bitcoin rallied overnight towards the strike of the Jan 21, 36k calls. Open 17.7k options or $630 mln notional. — link

Bitcoin climbed to yet another All Time High $35,820 three hours ago to the delight of accumulating whales, and chagrin of mid-tier holders who have taken profits aggressively since $BTC hit $30k. Addresses and on-chain transactions continue to rise. — link

$BTC: Few experiments with Glassnode's liquidity-supply metrics that were recently published, shown below (as of Jan. 3).

Great thread from David Puell — read

The tx fees are driven by the demand. The gas prices are crazy high not directly because of ETH above $1000 but because the price movement and volatility pushes the demand much much higher. If Ethereum stays at $1000 dollars for a few weeks you may see gas prices going to 5 GWei. — link

#Bitcoin miners be happy.

Current revenue: $33 million / day

Between the last halving and October, the average daily revenue was at around $10M.

And only within 5 weeks in late 2017 has this number been higher.

The mining death spiral at play. — link

NEW: Worldwide Google searches for ‘Ethereum’ hits new all-time-high

This rally is warm but not yet overheated.

This is how much "speculative premium" we have right now compared to a similar phases of the prior 2 bull markets. — link

Thread: Interesting HODL waves analysis... — link

I think we would see a short-term Bitcoin top when:

- Premium on Coinbase vanishes
- Grayscale inflows stagnate
- Open interest and funding rate hit record-highs
- Coinbase outflows slow down

Until all these 4 criteria are hit, I don't think a big correction is due. — link

Worldwide searches for 'Bitcoin' are spiking on Google, retail interest could be about to surge significantly — link

Grayscale buys $4 billion worth of crypto assets over the last 7 days.

Their total Bitcoin holdings is now over $20.41 billion, pushing its total AUM to $24.03 billion — link

In China, search volume for the term #Bitcoin ("比特币") is surging, and has now eclipsed the search volume during 2017's bull run. — link

No More KYC with ShapeShift — link

New Lightning Network stats! — link

"Each U.S. citizen now has a choice. You can stay on the Fiat Standard, in which some people get to produce unlimited new units of money for free, just not you. Or opt in to the #Bitcoin Standard, in which no one gets to do that, including you." -Ross L. Stevens — link

Total AUM: $25.2 billion right now

"It does make some sense to me," says Former Fed Governor Kevin Warsh on #bitcoin's bull run. "The dollar is weakening, and after the elections overnight I'd look for the dollar to continue to weaken against a large basket of currencies." — watch

Bitcoin is now larger than the Swiss franc

Switzerland's M1: $671,000,000,000
Bitcoin: $672,000,000,000

— link