📉🤔 #BTC CQ: One of the most interesting datapoints indicating a #Bitcoin bear market is Dolphin Balance growth slowing down and crossing below trend. At the peak, these addresses added 965K #Bitcoin YoY. It is now at 694K. This address cohort includes ETFs and Treasury companies, which have also stopped buying. Dolphins: addresses with a balance between 100-1K $BTC
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📉🤔 #BTC CQ: One of the most interesting datapoints indicating a #Bitcoin bear market is Dolphin Balance growth slowing down and crossing below trend. At the peak, these addresses added 965K #Bitcoin YoY. It is now at 694K. This address cohort includes ETFs and Treasury companies, which have also stopped buying. Dolphins: addresses with a balance between 100-1K $BTC
#crypto