BTC’s price has more than halved since the third block of Bitcoin in May. Or to put it more precisely, BTC has increased by 110 per cent in half time, while on May 11, 2020, as of this writing, the prices of 18,000 dollars have gone up to 8,566.
According to a November 19 report by crypto analytics firm Chanalysis, liquidity and exchange flow levels have changed dramatically since the halfway point.
This payment firm identifies as liquid, or investor-managed bitcoin, “the wallet that sends less than 25% of the bitcoin they receive”, while the rest of the wallet is classified as liquid bitcoin, or merchant-operated bitcoin.
Channels analysis data shows that the number of bitcoins available to new investors began to decline earlier this year, while Equidiv BTC rose sharply. Chanalysis estimates that the number of currently liquid bitcoins could be as low as 3.4 million.
This is due to the reduction in the supply of liquid bitcoin in the bulk accumulation of institutional investors during 2020:
“Hedge fund manager Paul Tudor Jones compared high-profile investors who bought Bitcoin to early investments in Apple Pal or Google, to corporations like Square, which invested 50 million or 1% of its total assets in Bitcoin, mainstream companies and financial investments. Organizations are turning to Bitcoin. ”
Cryptocurrency fund manager Grayscale Bitcoin Trust, which represents more than a dozen high-profile institutional investors, now owns more than 500,000 BTCs – 50% of which accumulated in the last six months.
Yesterday, analytics platform Glassnode Studios reported that bitcoin mining revenue was back to pre-half levels. The next day, miners reported a daily income of .2 21.2 million a year, more than three times their earnings immediately after halftime.
Before the Bitcoin Maxis got too excited, however, the price of Aether significantly outperformed Bitcoin in the same period, rising from મે 160 to $ 482 on May 11th.
