Some Bitcoin Onchain Analysis

[Coin_trader]

This is just a speculation base on the chart provided above. It shows the behavior of the Bitcoin price in relation with the Bitcoin flow from exchange to derivatives.

These kinds of flows are associated with the market cycle, hence we can speculate:
- Increasing flows from Coinbase to derivative exchanges, bull market.
- Decreasing flows, bear markets.

This will help us to understand what’s the current stand of traders on the situation.

Subscribed here https://t.me/TheNorwegianNews for more crypto updates.

[Coin_trader]

A bit of a fundamental summary of bitcoin in macro and micro terms in order to understand whether the market belongs to one of the market cycles (bear or bull):

The chart above shows a section of coins older than 1 year (which have not been spent or sold for more than a year). This averaged statistic allows us to distinguish distribution zones (when 1+ coins are spent) and accumulation (when these coins are accumulated). The graph shows a clear pattern of cycles since 2017. At the moment of decline (from ATH in 2021) there is a steady accumulation of coins that are moving into the 1+ year age cohort, which suggests a steady accumulation trend (coin maturation).

Chart of price changes depending on the trading sessions:
you can see that the European session and the American one are antagonistic.

Source: https://t.me/alphacryptoproject/6641