3 Dec
2022
3 Dec
'22
1:36 a.m.
https://cryptoslate.com/research-2nd-december-the-15m-bitcoin-just-went-into... Glassnode illiquidity is ~78% of mined BTC ~19M, no spending history ie diamond hands, lost keys, Satoshi, Satlor etc. Rate of change of supply moving to long-term holders is highest in 5 years ie accumulation big time. 900 BTC/day x $17k = $15.3M When net global demand goes back above $16M/d, or production drops to 450 BTC/day, price will go up. Market transitioning to upramps dominating last weeks... Marginal buyers coming back online... BTFD.