On-chain activity is up: the real bull Bitcoin bull market is hereBitcoin on-chain accumulation report, March 2024Bitcoin is up like 285% since 2023. It has also made a new all-time at $73k. So you probably don’t have any doubt that Bitcoin is in a bull market. Still, the on-chain activity has more to say about that. Since the launch of the ETFs we have entered the real bull market. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 21,000 investors here: Done? Thanks! That’s great! Now let’s dive in. P.S. we have just released a new dashboard on the Bitcoin miners. The purpose of this dashboard is to track if the Bitcoin miners stocks are over priced or under priced relative to Bitcoin. Paid subscribers can check it out here. On-chain activity is up: the real bull Bitcoin bull market is hereThe takeawaySince mid-January the on-chain activity is following a pattern that is typical of the start of the real bull market for Bitcoin (the one with parabolic moves and increased volatility). But the similarity with previous bull markets stops there. The Bitcoin ETFs are changing the game. The ETFs flows dominate the on-chain activity and everything else about Bitcoin. Focusing on those and how they stack relative to the amount of liquid Bitcoins available is the key to navigate this market. The real bull market is here...Continue reading this post for free, courtesy of Ecoinometrics.A subscription gets you:
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Wednesday, March 20, 2024
On-chain activity is up: the real bull Bitcoin bull market is here
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