❗️After BTC fell below $90,000, profitability indicators went into negative territory, signaling the asset's entry into an "early bear market" - CryptoQuant.
🧐 Annual net realized profits sharply decreased - from 4.4 million BTC to the current 2.5 million BTC. Such levels were last observed in March 2022.
👉 Net realized losses follow the same pattern, signaling a weakening of Bitcoin's price strength. #btc #bitcoin
💁♂️ For real fuel growth, this is not enough. For example, during a recent drop in liquidations, long positions were between $1B and $20B per day... #btc #bitcoin
🚀 Monero (XMR) reached a new all-time high after the entire Zcash team left Electric Coin Company (the main developer of Zcash) due to an internal conflict. #xmr #zcash
❗️The number of daily transactions on the Ethereum network has reached a new ATH.
💁♂️ There is just one nuance, in such a scenario, the gas price for paying fees should also soar, but on the contrary, it is at record low levels… #eth #ethereum
❗️Last week, BitMine acquired another 102,259 ETH for ~$314 million.
🤔 Currently, the company holds 3.97 million ETH (more than 3.2% of the market supply) worth ~$12.2 billion and is experiencing unrealized losses… #ETH #Ethereum
‼️ Strategy has created a reserve of $1.44 billion for dividend payments.
👉 The fund was created from the sale of MSTR shares over the past nine days. The goal is to ensure at least a one-year supply to fulfill obligations to shareholders, and in the long term, to increase the "safety cushion" to a level covering more than two years of payments in case of a BTC drop.
💁♂️ Clear confirmation that we are in a bear market. In previous cycles, it lasted ~1.5-2 years. #BTC #bitcoin