底层区块链数据表明：当前仍处于加密牛市早期

The author's global research director compiled the abstract of Weike Research Institute. Driven by the inflow of funds, Bitcoin soared to a new high. Let's compare it with the previous cycle to see how early the recovery came from the retracement. The observation of the underlying blockchain data shows that we are still in the early stage of the whole cycle. Last Tuesday, Bitcoin once again stood at the dollar mark and recovered from the decline that started from a peak in last year, and then constantly set a new record. This recovery from the decline and hit a new high in the United States. Under the background of strong spot demand, these transactions in less than a month attracted a net inflow of hundreds of millions of dollars. Compared with the previous bitcoin cycles, this recovery was much earlier than the previous two cycles. The recovery in this cycle appeared after the bitcoin price hit the bottom of the dollar after the collapse on January, and the first two cycles took days and days respectively to recover from the bottom of the price. The first cycle can be ignored because bitcoin did not have a stable price until more than a year after its birth. In other words, In other words, the bottom time of the first two cycles is roughly the same as that of the current cycle, but the recovery speed of the current cycle is much faster. Considering that the scale of this asset class is about one trillion US dollars at present, compared with the recovery process of only one hundred million US dollars at the peak of the year, this is really amazing. When we celebrate the historical high, we hope to deeply study the underlying blockchain and understand the network and its usage it reveals, regardless of the impact of price for the time being, although the market and trading activities are usually the focus of discussion, especially when hitting a new high. At present, but we should pay more attention to the current cycle information revealed by blockchain data. Long-term holders have not handed over their chips. According to the data on the chain, long-term holders have determined that they have not made major adjustments to their positions according to the percentage of bitcoin lying on the blockchain for more than one year. Historically, the percentage of tokens that have not been moved for one year is often contrary to the price trend of bitcoin. Usually, long-term holders will sell their coins as the price of coins rises, but this expected behavior has not yet been realized. It shows that long-term holders are currently maintaining their position balance, which continues to decrease. Leaving the balance is one of the main narratives of the last cycle, and there is no sign of any change. Investors continue to buy bitcoin on the exchange, and then withdraw it to the custody service provider and the self-custody wallet. Considering the disastrous counterparty and platform venture capitalists' deposits in 2000, it is a good thing that the miners' currency balance continues to flow out of the exchange in the long run. Although the trend is not as obvious as the exchange balance, the miners' balance is the highest. This may be related to the price increase, capital demand or equipment upgrade before the month is halved. As the representative of network scale, the number of addresses with non-zero balance has recently exceeded 10,000. This indicator has peaked and revised at the peak of the bull market in the past, which is an important indicator of network scale and valuation under Metcalfe's law. Metcalfe's law is an indicator used to describe the relationship between network value and its number of users. The point is that the value of the network is directly proportional to the square of the number of users, because every additional user in the network will not only gain value from the network, but also increase the value of the whole network through interaction with other users. The number of independent addresses interacting on the network every day has not increased significantly, which is a positive sign for the current cycle, because the index has also reached the peak transaction cost near the peak of the previous two bull markets. On the whole, transaction costs show a certain periodicity and peak at or near the high point of the price cycle. Although there have been two recent increases in transaction costs, they are all related. In addition, we have not seen the periodic increase in transaction costs that usually occurs around the high point. Conclusion Bitcoin has made great progress in just a few months. Just over a year ago, the industry was still trying to cope with the impact of the collapse of many other systemically important encryption entities, which undoubtedly pushed Bitcoin to the calendar. The historical high has played an important role. Although this rebound is largely driven by the financial market, the research on the basic blockchain data shows that although the current cycle is going on vigorously, the market may still be far from reaching its peak. 比特币今日价格行情网_okx交易所app_永续合约_比特币怎么买卖交易_虚拟币交易所平台

注册有任何问题请添加 微信：MVIP619 拉你进入群

文章转载注明 网址：https://netpsp.com/?id=57068