Institusjonelle kryptoledere rapporterer rekord AUM til tross for at USAs tilstrømning styrter

Institusjonsinnstrømningen har gått ned 59% denne uken, men AUM er på et helt toppnivå.

Ifølge digital asset investment manager, CoinShares, har institusjonell etterspørsel i USA falt noe, men europeiske fond kjøper fortsatt

I henhold til Coinshares ’22. mars Fund Flows Weekly- rapport , utgjorde samlede strømmer til institusjonelle kryptoprodukter 99 millioner dollar for uken som avsluttet 20. mars.

Dataene indikerer en betydelig nedgang i institusjonell etterspørsel, med tilsig ned 59% fra forrige uke , som registrerte $ 242 millioner.

Forskerne bemerket imidlertid at forvaltningskapitalen for de beste institusjonelle investeringsproduktene nådde en rekordhøyde på 57 milliarder dollar.

Rapporten la til at mens etterspørselen har avtatt i USA, fortsatte institusjoner i Europa og Canada å kjøpe i forrige uke

Daglige volumer for Bitcoin Pro relaterte produkter har også gått ned med rundt 35% til 713 millioner dollar per dag mot 1,1 milliarder dollar per dag i gjennomsnitt i 2021. Imidlertid holder handelsvolumene seg stabile på 11,8 milliarder dollar per dag.

Etter sterke Ethereum-tilsig i løpet av februar ser det ut til at institusjonene igjen har satt siktet mot Bitcoin, med $ 85 millioner som gikk inn i BTC-midler sammenlignet med bare 8 millioner dollar for ETH-baserte produkter i forrige uke. CoinShares bemerket at det var svært liten interesse for henholdsvis Binance Coin, Ripple og Bitcoin Cash-baserte produkter.

Grayscale er fortsatt markedsleder for institusjonelle investeringer, med sine totale eiendeler under forvaltning som merker $ 44,2 milliarder dollar, ifølge en tweet fra firmaet 23. mars. Av denne summen er 84% investert i firmaets Bitcoin Trust.

CoinShares ‚eget fond, som ligger på andreplass når det gjelder AUM med i underkant av 5 milliarder dollar, var den eneste institusjonelle kryptosjefen som registrerte en utstrømning for uken, og tapte $ 25,9 millioner. Det kanadiske 3iQ-fondet som ble rangert på tredje plass økte med 1,1 millioner dollar til totalt AUM på 1,7 milliarder dollar.

I skrivende stund fortsetter Bitcoin å korrigere etter å ha falt 3,6% det siste døgnet for å handle på $ 54,850. Ethereum har mistet 4% i løpet av samme periode og skifter for tiden hender for rundt $ 1700.

Guarda il mercato: Le monete di Binance Smart Chain (BSC) esplodono mentre BNB raggiunge i 270 dollari

Binance Coin (BNB) ha segnato un nuovo massimo storico sopra i 270 dollari mentre le monete Binance Smart Chain (BSC) esplodono in valore.

Dopo l’ultimo massimo storico sopra i 52.600 dollari, BTC si è leggermente calmato e si è fermato sotto i 52.000 dollari. Al contrario, alcune altcoins sono esplose in valore, compreso un altro nuovo record per Binance Coin, e hanno ridotto il dominio del Bitcoin Profit sul mercato a meno del 60,5%.

Monete di scambio sul tetto

La maggior parte delle monete alternative a grande capitalizzazione sono rimaste calme come il bitcoin nelle ultime 24 ore. Ethereum e Litecoin sono in aumento di circa il 2% a $1.920 e $230, rispettivamente. Contemporaneamente, Chainlink, Bitcoin Cash, Polkadot, Cardano e Ripple hanno dipinto perdite minori.

Tuttavia, Binance Coin è l’eccezione apparente con una massiccia impennata del 50% ancora una volta. Quindi, BNB ha segnato un altro ATH sopra i 270 dollari. La criptovaluta nativa del popolare scambio ha più che raddoppiato il suo valore da mercoledì, quando è stata scambiata a 125 dollari. Così, BNB ha superato Tether come la terza criptovaluta più grande per market cap.

È interessante notare che BNB non è l’unica moneta di scambio che ha avuto un’impennata ultimamente. OKB di OKEx è salito del 50% in due giorni a 12 dollari, HT di Huobi è saltato del 60% a quasi 20 dollari, e FTX ha rotto sopra i 30 dollari dopo un aumento del 70% da lunedì.

Nelle ultime 24 ore, PancakeSwap ha aggiunto il maggior valore dell’80% a $18. Golem (70%), Venus (47%), Ravencoin (37%), Voyager Token (26%), ICON (22%), e Ren (20%) seguono.

In generale, le monete costruite in cima alla Smart Chain di Binance stanno registrando aumenti massicci negli ultimi due giorni, spinti dall’ondata di nuovi investitori che esplorano l’ecosistema.

Alla fine, anche il market cap totale ha raggiunto un nuovo record, toccando i 1.600 miliardi di dollari.

Bitcoin si ferma sotto i 52K dollari

La criptovaluta primaria ha anche goduto negli ultimi giorni, quando ha rotto sopra i 50.000 dollari per la prima volta ed è andato oltre al suo ultimo record a nord di 52.600 dollari ieri, come riportato.

Tuttavia, l’asset si è calmato ed è addirittura sceso a 50.500 dollari nelle ore successive. Tuttavia, i tori non hanno permesso ulteriori cali e hanno spinto il prezzo al suo livello attuale di circa 51.500 dollari.

Nonostante abbia recuperato parte del suo valore, le altcoins in aumento hanno ridotto il dominio di BTC ancora una volta. La metrica che confronta la capitalizzazione di mercato del bitcoin con tutte le altre criptovalute è scesa al 60,3% dopo essere salita sopra il 62% solo pochi giorni fa.

 

Bitcoin se generaliza ya que las instituciones poseen el 3% del suministro circulante de BTC

El creciente apetito de los inversores institucionales significa que las empresas ahora tienen más de 460.000 BTC, que es el 3% del suministro total en circulación.

Los inversores institucionales están devorando Bitcoin Compass rápidamente y, en el momento de redactar este informe, casi el 3% de Bitcoin ( BTC ) en circulación está bloqueado en tenencias a largo plazo por estos inversores.

Los datos muestran que 24 entidades han acumulado más de 460,500 BTC, lo que equivale a $ 22 mil millones al precio actual de Bitcoin

Según Michael Novogratz, esta cifra excluye los 3 millones de BTC perdidos para siempre , quien estima que podría ocurrir una escasez de suministro en breve si las instituciones mantienen su actual juerga de compras.

La lista actual de titulares incluye MtGox KK, que tiene cerca de 141,690 BTC ($ 6,6 mil millones). El siguiente es Block.one con un estimado de 140,000 BTC $ 6.5 mil millones). MicroStrategy también tiene alrededor de 71,000 BTC ($ 3,3 mil millones) y esta semana Tesla compró 38,500 BTC (alrededor de $ 1,8 mil millones).

Los analistas ahora esperan que mantener Bitcoin en el tesoro pronto se convierta en un estándar corporativo, ya que existen múltiples razones técnicas para ver a Bitcoin como una cobertura de inflación .

Primero, BTC tiene un suministro finito en circulación, imitando la reserva de uso de valor del oro. Además, no hay forma de acelerar el nuevo suministro de Bitcoin mediante minería adicional.

Los grandes propietarios reducen aún más la oferta circulante comprando cantidades significativas del mercado y colocándolas en cámaras frigoríficas. Esta cultura de retención a largo plazo entre la mayoría de los participantes criptográficos reduce la ya pequeña oferta, creando un círculo vicioso.

Para los directores financieros experimentados, tener una parte del tesoro de Bitcoin proporciona cierta cobertura regulatoria y arbitraje, ya que los gobiernos no pueden congelar los fondos.

Lo sorprendente de la decisión de Tesla de comprar Bitcoin es el momento, ya que la decisión se tomó después de que el precio de BTC subiera un 250% en cuatro meses

El movimiento de esta semana hizo que la capitalización de mercado de BTC superara a la de Tesla, alcanzando la novena posición entre todos los activos negociables.

En el pasado, comprar Bitcoin puede haber sido visto como un movimiento increíblemente audaz, pero ahora se está volviendo de sentido común para los inversores institucionales.

Con una estimación aproximada de $ 10 billones de tesorería corporativa en todo el mundo , incluso una asignación del 3% en BTC representa $ 300 mil millones, que es aproximadamente un tercio del valor agregado de Bitcoin en efectivo líquido.

Teniendo en cuenta que más del 60% del suministro de Bitcoin no se ha movido en más de un año, una entrada de $ 300 mil millones es casi inimaginable para un activo con una flotación libre de $ 355 mil millones.

Además, el BTC recién acuñado por los mineros suma 341,640 al año, solo $ 16,3 mil millones. Por lo tanto, es seguro concluir que la asignación constante de BTC a las tesorerías corporativas podría duplicar con creces el precio actual de Bitcoin.

Bitcoin price shoots above USD 29,000 mark – Then USD 30,000 in the new year?

The Bitcoin price (BTC) knows only one direction even during the holidays: north.

While stock indices like DAX can pause from their recently reached all-time high, Bitcoin has set a new record high on the morning of December 31. Thus, a price of 29,286 US dollars was reached at the peak. We were only around 2.5 percent away from the magic 30,000 US dollar mark at the peak. Accordingly, the question is whether we will wake up in the new year with a 3 in the first place from the bitcoin price.

Normally, it gets rather quiet on the stock markets at the turn of the year due to stock market closures and holidays. However, this does not apply to the bitcoin price. Not only is the crypto market open 365 days 24/7, but investors here don’t seem to know any contemplative holidays. The upward trend is motivating more and more investors who have been reluctant to invest in Bitcoin to change their minds.

Even though the upward trend is primarily led by the new crypto investor group, institutional investors, they in turn are also generating confidence among other investor groups. So the fact that insurance companies and Nasdaq groups are now also investing in Bitcoin reduces reservations among retail investors. Now that so-called smart money is entering the market, previously critical investors are also gaining confidence in the crypto asset class.

Bitcoin price knows several drivers

Also having a positive effect are the factors of scarcity in Bitcoin and oversupply in fiat money. Due to the high demand, it is becoming increasingly difficult to acquire Bitcoin on the exchanges. As a result of institutional investors accumulating Bitcoin, they are withdrawn from the market due to the long-term investment horizon, so that the available supply continues to decline. This creates a veritable liquidity crisis, which drives up prices.

At the same time, the money supply continues to increase, which has not yet found its way into the real economy. Instead, it remains in the financial sector and is hoarded there. This not only favors asset prices – see DAX all-time high – but also increases the probability of inflation. More and more market participants expect higher inflation rates as the velocity of money in circulation picks up in the summer. With the end of the lockdown, the filled money hoards threaten to open up for the real economy. The loss of purchasing power would thus pick up even more momentum.

It’s a risk not to have bitcoin

Bitcoin’s scarcity is high on the list of more and more investors as an anti-inflationary shield. In particular, those concerned about monetary stability are increasingly turning to Bitcoin alongside gold. Since government bonds, especially European ones, no longer yield positive interest, the investment emergency is pushing more and more money into real assets. Not only on its tendency to have low correlation to other assets, but because of its scarcity, it is now seen as a risk not to have bitcoin in one’s portfolio, even by professional investors.

Certainly, the market has already run very hot and a consolidation would be perfectly justified at any time. Nevertheless, the above narrative hovers over the bitcoin price in 2021. To wit: Even if the Bitcoin price drops by 20 or 30 percent, there will be enough investors such as hedge funds, insurers, family offices and, last but not least, private investors ready to buy more or to get in first. So if we don’t already see the breaking of the 30,000 US dollar mark in the next few days, the chances are still not bad that we will sustainably break through this mark in the course of 2021.

What trends to expect in 2021 on Bitcoin and other phenomena in the crypto sector will be revealed in the video commentary.

We at BTC-ECHO say goodbye for this year and are looking forward to the certainly exciting crypto year 2021 together with you.

Tether new record with $ 20 billion in market capitalization

The USDT is now the fourth largest crypto in terms of market capitalization.

A year ago, the market cap of the USDT was less than $ 4 billion

The USDT is now the fourth largest crypto by market cap. The news was announced in a tweet from the company.

At the time of this writing, Tether had a market cap of just over $ 20.03 billion. That’s a drop of about $ 10 million from its peak according to Bitcoin Pro.

Tether has just surpassed a $20B market capitalization!

This fantastic milestone once again confirms that Tether maintains its number one spot as the most liquid, stable and reliable currency!

Stablecoin at full speed
Tether’s market capitalization has grown throughout the year. The pace of this increase is also accelerating. It took almost six months, from mid-December of last year to mid-May of this year, to double its capitalization, from around $ 4 billion to over $ 8 billion.

The next jump, to over $ 13 billion, came in early September. Tether has seen about half of its surge come in the past four months.

A DeFi-nitive interest in Tether

Much of the increase in Tether’s market capitalization is likely due to the interest in decentralized finance (DeFi). When it hit $ 15 billion in mid-September, BeInCrypto indicated that DeFi projects were behind much of the rise.

Aave, Compound and Solana were highlighted as the main drivers of interest in USDT. Users tend to use stablecoins such as Tether in DeFi projects due to the lack of volatility.

It can also recover misdirected funds under certain circumstances. So when the DeFi market grows, the need for USDT increases accordingly.

According to DeFi Pulse, as of mid-August, the total stranded value (TVL) in DeFi projects stood at nearly $ 6.3 billion. Currently , the same indicator stands at $ 15.82 billion.

Tether’s journey

There are a few stones in the path of Tether’s growth, however. In August, Tether showed courage by returning a million dollars to a user.

The user accidentally transferred the amount, but the company was able to blacklist the addresses to which the tokens were sent and fix the issue. What some hailed as a wonderful act has also taken a menacing turn.

Members of the crypto community who oppose the checks and balances saw this move as a problem. From their perspective, there’s nothing to stop a government from forcing Tether to do the same against its enemies.

The government is characterized differently in Tether’s other potential threat. The ongoing case in New York state over the company’s lack of financial disclosure has cast a palpable veil over sentiment. The lack of disclosure itself is also of concern.

Despite the disclosure and control issues, Tether’s market capitalization continues to rise. Next stop, $ 25 billion?

Pornhub gets cut off by VISA and Mastercard – King of porn says yes to cryptocurrency

X-Rated Cryptos – A few months ago, we learned that the X Pornhub site is crypto-friendly, since it announced that it accepts Bitcoin (BTC) and Litecoin (LTC) . But there is a plethora of cryptocurrencies that are now joining the game, with the addition of Monero (XMR) among others. The site will therefore now accept no less than 13 different cryptos in total.

Cryptos as the only means of payment?

As the Bitcoin.com site explains , the Bitcoin Formula company had some financial worries related to the refusal of Visa and Mastercard payment processors to continue to handle credit card payments in some parts of the world.

The tenth most visited site on the internet, with 42 billion visits in 2019, was therefore forced to only accept payments by cryptocurrency in a few countries, so that its premium customers can continue to pay their monthly subscription .

For this, the adult video site currently goes through the crypto payment processor ProBiller . In addition to Bitcoin and Litecoin accepted since September, Site X also accepts: Monero (XMR), Ethereum (ETH), Bitcoin cash (BCH), Ethereum Classic (ETC), Nem (XEM), Tether (USDT), Tron (TRX), Verge (XVG), Waves (WAVES), Zcash (ZEC) and DASH .

Some areas still on fiat payments

As the crypto-media The Block points out , cryptocurrencies have not become Pornhub’s only means of payment on the whole planet.

Indeed, this obligation would mainly include North America (the United States alone representing nearly 24% of traffic), the United Kingdom and Singapore . But in some European countries, such as Germany , the Netherlands or France , it is still possible to pay through direct payment methods, in fiat currencies , by SEPA bank transfer.

The conflict between Visa, Mastercard and Pornhub had emerged following the impact of an article in the New York Times , accusing the platform of hosting child pornography but also rape sequences . The site would, in turn, first denied, then finally took recently of measures under pressure.

Bitcoin nie jest już aktywem o podwyższonym ryzyku przy zakupie przez MassMutual

  • MassMutal Life Insurance kupiło ostatnio 100 milionów dolarów w Bitcoin.
  • Firmy ubezpieczeniowe są znane z tego, że unikają niepotrzebnego ryzyka
  • Zakup Bitcoinu przez 169-letnią firmę ubezpieczeniową świadczy o tym, że BTC nie jest już aktywem obciążonym ryzykiem.
  • Bitcoin sprzedawany obecnie przez górników i handlowców detalicznych jest coraz bardziej poszukiwany przez inwestorów instytucjonalnych.

Stado inwestorów instytucjonalnych naprawdę pojawiło się w krypto-świecie. Pod koniec wczoraj ogłoszono, że Massachusetts Mutual Life Insurance Company (aka MassMutual) kupiło ostatnio 100 milionów dolarów w Bitcoin. Transakcja została ułatwiona przez New York Digital Investment Group (NYDIG).

Współzałożyciel i dyrektor generalny NYDIG opisał tę okazję jako niesamowity moment w historii zarówno Bitcoin Billionaire, jak i branży ubezpieczeniowej.

Jesteśmy dumni z tego niesamowitego momentu w historii zarówno Bitcoinu, jak i branży ubezpieczeniowej. Odzwierciedla to ekspansję Bitcoinu na ogólne rachunki inwestycyjne firm ubezpieczeniowych, jak również unikalną zdolność NYDIG do zaspokojenia złożonych potrzeb najbardziej wymagających inwestorów instytucjonalnych.

Bitcoin nie jest dłużej ryzykowny niż aktywa

MassMutual to 169-letnia firma ubezpieczeniowa, a jej zakup Bitcoin jest wyraźnym dowodem na to, że przeprowadziła wszystkie niezbędne oceny ryzyka związane z aktywami cyfrowymi. Wiadomo, że firmy ubezpieczeniowe mają niską tolerancję na niepotrzebne ryzyko.

Ich zakup może być interpretowany w taki sposób, że nie postrzegają Bitcoin’a jako aktywa obciążonego ryzykiem. Crypto Twitter członek @tradeboicarti16 był jednym z pierwszych, którzy połączyli kropki na ten temat i podzielili się swoją analizą poprzez następujący tweet.

Aktywa obciążone ryzykiem są generalnie uznawane za niestabilne i jako pierwsze są rozładowywane w sytuacji paniki rynkowej, gdy inwestorzy starają się zachować swój kapitał.

Bitcoin Being Sold kończy się w skarbcach inwestorów instytucjonalnych

Jak wyjaśniono we wcześniejszej analizie, każdy dip Bitcoin z około września został prawdopodobnie kupiony przez inwestorów instytucjonalnych. Ta ostatnia kategoria inwestorów zgromadziła blisko 900 tys. BTC, a 100 tys. Bitcoinów zakupiono w mniej niż 60 dni.

Jest zatem jasne jak światło dzienne, że Bitcoin jest na drodze do stania się najbardziej deficytowym aktywem w historii handlu i inwestowania.

Bitcoin Euphoria Morreu um pouco: Analistas na cadeia dizem

O envolvimento das mídias sociais Bitcoin está diminuindo à medida que o preço da BTC luta para romper os 20.000 dólares
Bitcoin Euphoria Morreu um pouco: Analistas na cadeia dizem
Isenção de responsabilidade: A opinião aqui expressa não é um conselho de investimento – ela é fornecida apenas para fins informativos. Ela não reflete necessariamente a opinião dos EUA de hoje. Todo investimento e toda negociação envolvem risco, portanto, você deve sempre realizar sua própria pesquisa antes de tomar decisões. Não recomendamos investir dinheiro que você não pode se dar ao luxo de perder.

Por que a excitação do mercado de Bitcoin está diminuindo?
Qual é o próximo passo?
Analistas na cadeia dizem que a euforia em torno do Bitcoin (BTC) está começando a diminuir. Isto vem como a moeda criptográfica dominante que luta para superar seu máximo histórico, apesar de testar repetidamente $20.000.

Analistas da Santiment disseram que o otimismo em torno da Bitcoin Loophole está acima da média de repouso, mas não é mais tão alto quanto antes. Eles escreveram:

„De acordo com o volume social e a relação comentário positivo/negativo do #Bitcoin no #Twitter, parece que a euforia diminuiu um pouco à medida que os preços de mercado subiram pouco menos de 20 mil dólares em tentativas anteriores. Mas ainda mais otimismo do que a média normal de descanso de $BTC“.

Sentimentos sociais ponderados pelo bitcoin

Por que a excitação do mercado de Bitcoin está diminuindo?
Quando o preço da Bitcoin atingiu um recorde histórico no dia 1 de dezembro, houve um alto nível de excitação no mercado de moedas criptográficas.

Muitos anteciparam que a Bitcoin ultrapassaria os $20.000, reivindicam o recorde histórico como uma área de apoio, e vêem um rally maior. Entretanto, a BTC rejeitou imediatamente a área e tem lutado para quebrar acima do nível de resistência de 19.400 dólares desde então.

Alex Saunders, um analista de moedas criptográficas, ecoou um sentimento semelhante. Ele disse que o mercado de Bitcoin está „muito mais desanimado“ do que em 2017, quando a BTC atingiu o nível mais alto de todos os tempos. Ele escreveu:

„Se estamos prestes a quebrar US$ 20 mil, com certeza nos sentimos muito mais silenciosos do que 2017″. Descrença? Não tenho certeza, mas a excitação do varejo não existe. Muito se fala em comprar insto, mas o que se ouve é passado. Muitos chamavam de top a 12,14,16k, mas a 20k eles são touros? Eu sinto que sou um urso solitário“.

O fraco envolvimento das mídias sociais em torno de Bitcoin provavelmente deriva da consolidação estagnada que a moeda criptográfica dominante tem visto. Embora a pressão de venda na BTC tenha geralmente diminuído, as baleias têm vendido grandes quantidades de BTC na última semana.

Os analistas da CryptoQuant também descobriram que os mineiros têm vendido uma grande quantidade de BTC nas últimas semanas. A combinação de baleias e mineiros vendendo em tandem tem despertado uma incerteza significativa no mercado.

Embora as instituições tenham acumulado agressivamente Bitcoin, os dados mostram que os futuros da CME BTC têm visto níveis mais altos de vendas a descoberto. Isto pode significar que os vendedores estão fornecendo liquidez aos compradores institucionais, mas o nível de shorts subiu para um nível nunca visto desde março de 2020.

Em 12 de março, logo após os shorts nos futuros da CME BTC terem atingido um pico local, o preço do BTC caiu para cerca de US$ 4.000.

Qual é o próximo passo?
Nos últimos ciclos de touro, a Bitcoin viu um notável aumento no envolvimento e interesse das mídias sociais quando quebrou as principais áreas de resistência.

A curto prazo, os analistas dizem que isto poderia causar a estagnação ou consolidação da Bitcoin por algum tempo.

A troca de livros de pedidos e mapas de calor também aponta para ordens de venda empilhadas próximas a $20.000, o que significa que o máximo de todos os tempos seria difícil de ser quebrado.

Análisis de precios a largo plazo de Bitcoin SV: 30 de noviembre

Descargo de responsabilidad: los hallazgos del siguiente artículo son la opinión exclusiva del autor y no deben tomarse como un consejo de inversión

Bitcoin SV está muy lejos de su máximo histórico

Si bien la mayoría de las monedas alternativas están fuera del mercado bajista, Bitcoin SV, por alguna razón inexplicable, todavía parece estar en él. En el momento de la publicación, 1k Daily Profit se cotizaba a 172 dólares con una capitalización de mercado de 3.180 millones de dólares.

BSV parecía estar mostrando un ligero sesgo bajista en el escenario de corto a medio plazo. En un marco de tiempo de 4 horas, parecía haber vendedores en corto inminentes cerca, mientras que se encontró una fuerte resistencia en el marco de tiempo diario. Atrapado entre la espada y la pared, BSV no tendrá otro lugar adonde ir más que hacia abajo.

El gráfico adjunto mostró que Bitcoin SV estaba formando una cuña ascendente, un patrón inherentemente bajista. Como se explicó anteriormente, la fuerte resistencia aérea y el patrón bajista juntos plantean una perspectiva bajista para BSV en el escenario de corto a mediano plazo. Esto abriría una oportunidad para jugar brevemente en BSV .

Razón fundamental

Además de lo anterior, hubo un fuerte promedio móvil de 200 días a $ 180 que actúa como un freno a cualquier impulso alcista. A pesar de la reciente subida de precios, el volumen no pareció respaldarlo.

Además, el RSI estocástico ya había alcanzado un cruce bajista en la zona de sobrecompra, una señal reveladora de una reversión. La combinación de esto con el RSI, que también mostraba signos de reversión justo por encima del nivel 50, indicó que pronto habrá una caída.

De hecho, el precio ya se había enfrentado al rechazo en el promedio móvil de 50 en el plazo de 4 horas, un desarrollo que fue una señal bajista.

3,700,000 Bitcoin already lost forever

Chainalysis: 3,700,000 Bitcoin already lost forever

A slip of paper with the inscription: „One per Customer“, which hangs on an empty supermarket shelf.

The amount of Bitcoin is known to be limited. But what is the proportion of lost BTC? Chainalysis gets to the bottom of this question and sees the increased number of institutional investors as a price driver.

There are many myths surrounding lost Bitcoins. In its search for reasons by Bitcoin Freedom for the BTC price rally 2020, the block-chain analysis company Chainalysis has come to a highly remarkable conclusion

In its new report, the company says that there are currently around 14.8 million Bitcoin in circulation. However, this is in addition to a considerable amount of BTC, to which access is no longer available. According to current information, this amounts to 3.7 million Bitcoin worth approximately $66.5 billion. They are considered lost forever and no longer available to new buyers. The loss can have very different reasons, ranging from lost private keys, lost hardware wallets or hard drives to deceased owners who have not passed on access.

What is the proportion of hardcore hodlers who do not touch their Bitcoin assets, so to speak „on principle“? One can only speculate about this. The Chainalysis Report at least makes an approximation hypothesis and in any case sees some parallels to the BTC price increase of 2017.

Share of institutional BTC investors growing

At the moment, the amount of liquid Bitcoins is similar to the 2017 price rally, but the amount held in so-called ‚illiquid‘ wallets is much higher than it was then and currently accounts for 77 per cent of the 14.8 million Bitcoins. Illiquid wallets are not considered lost. Chainalysis uses this term when BTCs have not been transferred from their current address for five years or more. This is usually assumed to be institutional investors.

This high proportion of ‚illiquid‘ BTCs means, conversely, that buyers have a pool of only 3.4 million Bitcoin available to them when demand increases. However, demand is increasing, as the Chainalysis report shows beyond doubt. The trading intensity measures the number of times each Bitcoin deposited at an exchange is traded there before it leaves the platform. It is currently 38 percent above the 180-day average.

The report may not be able to predict how long the share price will continue to rise, but it does give a clear indication of the extent to which the share price will increase. But it does see positive signals for the crypto currency.