📌 CryptoQuant founder on bullish assumptions (https://x.com/ki_young_ju/status/1820882769913983106 ) Bitcoin has:

1. The surrender of the miners is close to completion, and the hashrate is approaching a new historical maximum. Mining costs are $43,000 per BTC. 

2. Whales are accumulating Bitcoin. + 404,000 BTC ($23 billion) for the last month.

Only on yesterday's market decline did they buy (https://x.com/efficiencymaxi/status/1820855467414843474 ) 30,000 BTC worth $1.7 billion. 

3. Lack of retail trade. Retail investor activity at 2020 levels (times of Covid-19).

4. Decrease in the activity of old whales (wallets are more than 3 years old). They sold their stocks between March and June, so there is no significant pressure from sellers.