Don Zhiron

@alexsobr

525 Following

237 Followers

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This year, the Brazilian real has been very active in cryptocurrency trading. This means that the demand for digital assets in this region is clearly increasing.

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The #Bitcoin accumulation trend indicator shows a value closer to 0, indicating that larger entities are distributing or not accumulating $BTC!

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Will miners capitulate? Hash Ribbons says yes Hash Ribbons recognizes that such circumstances often coincide with significant lows in BTC prices, which ultimately provides an opportune time to capitalize on price declines.

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Today, the greatest demand for the purchase of #BTC comes from players with a balance of 10 to 100 BTC. Essentially, they are buying up the current decline.

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Activity on the Bitcoin network is declining towards historical lows. Perhaps this reflects the pessimistic mood of the crowd (Santiment) In turn, this can be regarded as a bullish sign.

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The maximum Bitcoin drawdown at the current stage of growth of the crypto industry is 20.3 percent, Glassnode representatives note. At the same time, the anti-record of the last bull run was 63 percent.

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The Bitcoin network is becoming congested again. For example, yesterday the average commission for transactions with BTC was the equivalent of $15.4. Very expensive 😩

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Data from GlassNode shows that about 1.876 million bitcoins, or 9.5% of the total, were purchased above $60,000.

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I'm taking $onchain pill

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