#Bitcoin Dormancy Flow has reached the bull/bear threshold. — link

Options used to be close to irrelevant for bitcoin's price.

Until now.

At current price levels, hedging large option notionals has a major impact on price.

Here's a quick thread on options 👉 — read

Red = coins moving to Rick Astley, the ultimate HODLer.

Never gonna give you up
Never gonna let you down
Never gonna run around and desert you — link

What a remarkable week for #Bitcoin

- Up 106% since breaking the $20,000 barrier on Dec.16
- Record volume on Perpetual Swaps - $136.9b
- Record daily active addresses - 1.35m
- Record number of holders - 33.56m addresses with a balance in $BTC
- 100% holders profitability

— link

Looking at the latest Coinbase outflow, possibly OTC deals, I think we can estimate their PNL.

$BTC surged 24% since Jan 2.

If you were institutional investors, would you be satisfied with 24% PNL for Bitcoin?

— link

I've received many questions lately, but by far the most common question is “What's the best way to secure #Bittcoin?”

So here’s a thread with my opinion on securing #Bitcoin 👉 — thread

Latest whale bubble info.

Support at $39,719, invalidation below $38,700.

Gap in supports between $39,719 and $32,180 so consolidating in the bear zone could bring us down to $32k. — link

#Bitcoin realized profits at record highs.

Yesterday alone, the total net realized profit of all coins moved on-chain was $5.5 billion.

Note that these represent BTC on-chain movements (comparing price at UTXO creation/spent times), not trades. — link

Bitcoin's "doubling time" (days it takes BTC to double from previous threshold) is at all-time lows.

Comparable periods:

+ April 2013
+ November 2013
+ December 2017

Each of these periods were followed by significant selloffs. — link

South Korea’s government will start taxing cryptocurrency gains: 20% tax on profits > $45,600 and 25% on profits > $273,000. More taxation will only make pros move to friendlier jurisdictions. It's always the same story. — link

#Bitcoin hit a new #AllTimeHigh of $41,970 an hour ago! Higher highs continue rolling in, and the most notable predictor has been the explosion of new 1,000+ $BTC whale accounts. There are 153 new addresses of at least this size compared to 2 weeks ago. — link

Bitcoin "mega whales" started selling spikes after $BTC had corrected down to $36.5k from $40k.

They expected more downturn, which never came.

Now, smaller Bitcoin whales ($100k - $1M) are taking profit just under $42k.

It's the same old story.

Buyers in the U.S., mostly Coinbase (due to massive volume, premium, outflows), are carrying Bitcoin to new highs.

Whales taking profit as soon as BTC hits a new high.

So it's important even more so to observe Coinbase outflows and volume.

— link

Ethereum 2.0 Explained in 4 Easy Metrics — link

#Bitcoin went straight from $2,000 to $40,000 after this moment.

01/08/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $28.4 billion — link

If you’re new to #Bitcoin , search for "why Bitcoin" before "how to buy bitcoin”

If this is your first #Bitcoin bull run, here’s some advice:

– corrections are healthy
– 30% dips are normal
– only buy what you can afford
– try not to use leverage
– take a little profit here & there
– don’t stare at your phone all day
– remember to take breaks
– BUY THE DIPS

The US Dollar has lost 21% of its purchasing power since #Bitcoin was created. — link