Bitcoin On-Chain Activity Report, November 2024

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	Forwarded this email? Subscribe here for more New Leg Up For Bitcoin On-Chain Activity Bitcoin On-Chain Activity Report, November 2024 Ecoinometrics Nov 20 ∙ Preview   READ IN APP   If there is one thing we like to see in a healthy bull market, it is Bitcoin's on-chain activity rising alongside its price. This suggests real fundamental forces are behind BTC's price momentum. Let's look at the data. 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 25,000 investors here: Upgrade to paid Done? Thanks! That’s great! Now let’s dive in. New Leg Up For Bitcoin On-Chain Activity The Takeaway Bitcoin's on-chain activity is showing a significant uptick, mirroring patterns seen during the ETF launches earlier this year. This rise in activity coincides with Bitcoin pushing through new all-time highs, suggesting strong fundamental support for the current price movement.  Historical data from previous market cycles indicates there's still substantial room for growth in on-chain activity before reaching typical bull market peaks.  Meanwhile, a notable shift in holder composition continues, with smaller addresses reducing their positions while larger holders accumulate, a pattern that reflects Bitcoin's ongoing institutional adoption. Second Leg Up For The Bull Market... Continue reading this post for free in the Substack app Claim my free post Or upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe