Two Pieces of Bitcoin News You’re Going To Want To Hear

TL;DR

• Institutional traders (aka ‘The Huge Canine’) have all however stopped shorting (betting towards) Bitcoin for the primary time in three months!

• 68.5% of Bitcoin in existence has not moved prior to now yr, 56% hasn’t moved prior to now two years – and 40% hasn’t moved prior to now three!

• That’s numerous collective religion in Bitcoin. We like to see it!

Full Story

Alright, time for our bi-weekly(ish) test in with Bitcoin…

Regardless of Bitcoin’s comparatively flat value over the previous few weeks, we come bearing excellent news!

And it is available in two elements:

1. Institutional traders (aka ‘The Huge Canine’) have all however stopped shorting (betting towards) Bitcoin for the primary time in three months!

   The message being: ‘it is unsafe to guess towards BTC proper now.’

   Good!

2. 68.5% (let’s name it 69%) of Bitcoin in existence has not moved prior to now yr.

   The extra of us maintain BTC over the long run → the much less BTC is available for purchase → making BTC extra delicate to will increase in demand.

   Elevated demand + rising shortage = constructive value motion.

   (That is the concept a minimum of).

And the spectacular stats from level 2 don’t cease there…

56% of Bitcoin hasn’t moved prior to now two years – and 40% hasn’t moved prior to now three!

That’s numerous collective religion in Bitcoin.

We like to see it!