Honey Block

2021-08-19 12:20:07 Bitcoin exchange flows have returned to a dominance of outflows through August as investors withdraw $BTC.

The market has transitioned through a number of phases of exchange flow dominance over the last year, with outflow dominance last seen in late 2020. After that bull run is started and btc reached $64k. Let's see what happens this time. IMO $100k is highly likely by the end of this year. Open / Comment

2021-08-19 09:20:06 Strong USD (fiat) bid for Bitcoin Throughout this run.
One of the most interesting things through this run is strong fiat bid.
Coinbase premium has come to life not only Coinbase.
As you can see there's seem to be a strong fiat bid on other venues like Bitstamp & Gemini (All 3 has an institutional bid as well).
One can argue part of the delta is due to ALT outperformance since 30/7 but this might be(yes might, only if it continues...) a very positive change in the market structure. Open / Comment

2021-08-19 07:30:06 $ETH reserve for all exchanges keeps downward trend, renewing two-year low. Open / Comment

2021-08-18 12:15:16 The accumulated UTXO is falling.
UTXO which was accumulated is falling out.

It is not a good sign for UTXO to drop while the price chart is rebounding.

We need to be careful in the short term.

The mid- to long-term point is still positive, but even if the movement is a short-term decline, it is not possible to know where it will fall from the data, so you need to be careful. Open / Comment

2021-08-18 11:27:57 BROKOLI IS RUNNING A CONTEST!

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2021-08-18 10:50:07 The market is bouncing back but is it the real bounce?

BTC instead of reaching $43k, it rather bounced back from the $44k level. According to the TA, BTC was supposed to bounce from $43k. Well, in this volatile market, we cannot be 100% sure that the market will reach the said target.

Current scenario, if the green candle continues to grow then BTC will try to reach the 21 D MA resistance which is at $46k and a breakout above this MA will possibly lead the price towards the $50k level. A further fall or rejection will pull the price back to the $43k level. Open / Comment

2021-08-18 08:55:06 Hashrate resuming more than half of the downward movement
What was the biggest correction in the computational strength of BTC, occasioned by the ban imposed by China, prompted miners to quickly shut down machinery and switch regions.

-70% since the last ATH, has now been recovering and clocks in at 0.618 FIBONACCI, just -30% off the all-time high.

The difficulty in the period has corrected twice, to maintain the average of 10 minutes per block, reaching levels seen since June 2020, shortly after the Halving event took place. Open / Comment

2021-08-17 16:30:26 Gamestarter’s early access platform is live

https://app.gamestarter.co/login

Early access platform functionality:

User account
Wallet dashboard
Upcoming games teaser screen

Full feature platform will launch next month Open / Comment

2021-08-16 11:32:08 #KCCSWAP Development Update

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Telegram Ann: https://t.me/kccswap_announcements
Twitter: https://twitter.com/kcc_swap Open / Comment

2021-08-15 14:05:09 Stablecoin Supply on Exchanges Continues to be Close to All-Time Highs
While BTC price is trending upwards, the stablecoin supply on exchanges remains close to all-time highs. If these stablecoins are not employed into loan products etc., there is potentially still a lot of capital on the sidelines ready to be deployed into bitcoin. Open / Comment