On-Chain Silence Earlier than The Storm

September 1, 2021

Biking On-Chain (COC) is a month-to-month column that makes use of on-chain and price-related knowledge to raised perceive latest market actions and estimate the place we’re in bitcoin’s market cycle. This fourth version briefly displays on the recovering hash price after which takes a extra in-depth take a look at the comparatively low on-chain switch exercise on Bitcoin. After introducing a number of contributing elements, we talk about to what extent low on-chain exercise is reflective of market demand for bitcoin (the asset) or whether or not monitoring HODLing conduct is definitely extra helpful within the context of bitcoin’s worth proposition.

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