Glassnode: positive changes in network activity began in the crypt, but without an increase in the volume of intranet transfers. This means an increase in the interest of ordinary investors at current levels.
The bullish divergence on the weekly Bitcoin chart gives a fairly strong signal for an imminent market reversal. The same situation was in the middle of last year with a bearish signal, and it worked out with a bang.
Recently, a huge number of arguments have been in favor of long-term growth. But in fact, we are still almost in a semi-annual outset. Perhaps the market maker has changed tactics and instead of an insanely strong decline, we have an insanely long flat. Polls show that he is driving the market into apathy no less.
Since the transition of Ethereum to Proof of stake, the total net emission of coins has amounted to 2317 pieces. In total, 131,454 ETH were issued to PoS validators and 129,137 ETH (glassnode) were burned through EIP1559. Nearly zero inflation is a cherished and almost unattainable dream for macroeconomics this year.
Centralized crypto-exchanges now store the minimum amount of BTC in 4 years. The outflow began in March 2020, and the events around FTX only made things worse. But against the backdrop of a decrease in trust in centralized exchangers, the popularity of wallets is growing significantly. (Sentiment)
Morgan Stanley Research found an obvious positive correlation between the change in the M2 global money supply and the change in BTC capitalization. Simply put, crypto is directly dependent on the printing press in the financial system. At the same time, it should be understood that now the volume of liquidity is falling and, according to preliminary estimates, this process will continue until the middle of next year.