Ash WSB
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GET READY FOR THE MOON 🚀

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Bitcoin Top 100 Richest

Among the Top 100 Bitcoin richest address:
37% of wallets were created in 2021
3% of wallets were created this year

Majority of these wallets hold 10,000+ BTC.
We can imply that new institutional investors like this asset class and they are holding on to their assets intelligently
Large number of Short Term Holders (STH) are now sitting on historically large unrealized losses of -40%.

The market is now in the most sensitive position as any negative stimulus would probably result in more capitulation.
US market update

All Tech stocks are jumping before the preopening and Nasdaq also bounced 2% before the US session opening.

FED announcement will be tonight but there was a lot of drama in the market the last the 10 days hence we're seeing green. Expect more volatility today
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📢 FOR TODAY'S UPDATE 📢

🔴Today's Fear and Greed Index is 23 - CHECK HERE

📊BTC leaving the exchanges for today: $115.9M - CHECK HERE

CRYPTONEWS

🔶Why the Bitcoin network is ‘too big to ban’ at this stage – MORE DETAILS

🔶Grayscale Considering 25 More Crypto Assets for Investment Products – MORE DETAILS

🔶Almost 30,000 Bitcoin millionaires wiped in the last 3 months – MORE DETAILS

🔶Crypto exchange FTX US closes $400M funding round to reach $8B valuation – MORE DETAILS

CRYPTOTWITTER (CT)

🟠Doxxing can be harmful – SEE HERE

🟠Bitcoin is not a Tech stock – SEE HERE

🟠Solana issues last weekends and solutions introduced by the Solana team – SEE HERE

🟠Stablecoin swap market share between Curve and Uniswap – SEE HERE

ON-CHAIN

🔸Bitcoin Reserve Risk hits 1-year low hinting of a long period of accumulation – SEE HERE

LESSON FOR THE DAY

◻️Useful Newsletters for crypto and DeFi – LEARN HERE
Bitcoin adoption is inevitable.

Number of Bitcoin addresses with a non-zero balance hit an All-Time-High of 40 million.

Credits to: OnChainCollege
Significant number of shorts were liquidated from the $33k bounce.

Over $53 million worth of losses on the exchanges were recorded which is the highest since November 8 (Bitcoin all-time high)

Credits to: TXMC
Bitcoin Price History in Log Scale

We're currently in the 4th Epoch and just passed the 3rd halving.

Still bullish on long term.

Credits to: ChartsBTC
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📢 FOR TODAY'S UPDATE 📢

🔴Today's Fear and Greed Index is 20 - CHECK HERE

📊BTC leaving the exchanges for today: $1.2B - CHECK HERE

CRYPTONEWS

🔶Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell's Rate Hike Statements – MORE DETAILS

🔶Russian Finance Ministry submits crypto regulatory framework for review – MORE DETAILS

🔶MicroStrategy will continue to purchase bitcoin this year, says CFO – MORE DETAILS

🔶Warner Music Plots Metaverse Concerts in Ethereum Game The Sandbox – MORE DETAILS

CRYPTOTWITTER (CT)

🟠Wonderland team member turned out to be a repeat scammer – SEE HERE

🟠Macro financial environment will dictate where Bitcoin is headed in the short/mid term – SEE HERE

🟠Zhu Su predicts about massive Bitcoin adoption in at least 10 nation-states – SEE HERE

🟠First time in history NFT search volume is higher than Crypto – SEE HERE

ON-CHAIN

🔸Whales are finally adding to their Bitcoin holdings – SEE HERE

LESSON FOR THE DAY

◻️Capital gains tax on crypto – LEARN HERE
Within 9 months Bitcoin's hash rate recovery from China mining ban is astonishing.

"A complete migration of machines and human capital across the whole world in a completely decentralized/uncoordinated way."

Credits to: Will Clemente
Bitcoin Market Value to Realized Value Ratio at 1.50

Realized price is the average price of $BTC as last moved on-chain.

Current relative on-chain valuation is in the 39th percentile of historical readings.

As the MVRZ moves closer to 1, sellers are most likely unwilling to let go of their coins because is it not profitable. For an investor's perspective the lower the MVRV ratio is the better it is to accumulate.

Credits to: Dylan LeClair
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📢 FOR TODAY'S UPDATE 📢

🔴Today's Fear and Greed Index is 24 - CHECK HERE

📊BTC leaving the exchanges for today: $658.1M - CHECK HERE

CRYPTONEWS

🔶Goldman: Bitcoin, Altcoins to Become More Correlated With Traditional Financial-Market Variables – MORE DETAILS

🔶Global Chip Shortage Looms Over Bitcoin Mining Industry, ASIC Supply Tightens – MORE DETAILS

🔶Investment giant Fidelity files a Metaverse ETF application with the SEC – MORE DETAILS

🔶Ethereum-BSC bridge of Qubit Finance hacked for $80 million in 'largest exploit of 2022' – MORE DETAILS

CRYPTOTWITTER (CT)

🟠Bitcoin reversal and USDT Dominance relations – SEE HERE

🟠Podcast quick notes featuring Tor Bair of Secret Network – SEE HERE

🟠Projects to be bullish on – SEE HERE

🟠Why L2s are the future – SEE HERE

ON-CHAIN

🔸Demand for Bitcoin is still low suggesting that cycle is not over yet – SEE HERE

LESSON FOR THE DAY

◻️Learn from Corey's crypto experience for the past 12 months – LEARN HERE
Whale activity shot up throughout the week, adding more Bitcoin in their wallets.

Credits to: Will Clemente