NUGGETS OF ALPHA
Current yearly Bitcoin absorption rate for exchanges is -100%
~0.05% of the world’s population is estimated to own 1 BTC
ETHE moved from 55 to 45% two weeks ago and now 37.24% in 3 weeks
Digital asset investment products saw $137M of inflows last week
Bitcoin saw inflows totaling $140M
BTC Realized Cap is ~$400B
In 2022, the realized cap drawdown reached -18.8%
Past bear markets saw realized cap ATH recovery taking between 95 and 239 days
Altcoin season index shot up to 73
The top 2 chains make up 50% of daily user activity, the top 4 make up 75%
SOL is 6.15% of the fully diluted ETH market cap
BTC proxies have significantly outperformed BTC over the last 90 days
The U.S. Government is expected to sell 41,500 BTC in the second half of 2023
Bitcoin has been flat over the last 90 days while the QQQ continues its climb
OP & AXS holders are expected to receive significant dumpage in the days ahead
In the Dark Green: UNI, SOL, XRP, XLM
In the Green: ADA, DOGE, AVAX HBAR, LINK, and more
In the Light Green: ETH
BTC remains in a holding pattern, trading inside a
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