On-Chain Data Shows Bitcoin Sellers Are Exhausted – What’s Next? w/ Mitchell Askew

🎬 On-Chain Data Shows Bitcoin Sellers Are Exhausted – What’s Next? w/ Mitchell Askew
Bitcoin is rallying despite a Fed rate hike and the failure of the Clarity Act, and the on-chain data suggests sellers may be nearly exhausted. Mitchell Askew, Head of Blockware Intelligence, breaks down long-term holder supply, which hit an all-time high of 15 million BTC this summer. He explains why so many coins sitting still signals more room for price to run. He also shares what Bitcoin ETF flows reveal about institutional buyers returning to the market.
Chapters:

➤ On-chain data suggests Bitcoin seller exhaustion, with long-term holder supply at an all-time high, indicating potential for further price appreciation.
➤ Bitcoin ETF flows show returning institutional interest, though their behavior mirrors traditional retail investors, exhibiting FOMO buying and selling at market extremes.
➤ The article discusses the diminishing relevance of the four-year halving cycle due to Bitcoin's increasing daily trading volume and the growing influence of institutional capital, alongside the impact of AI compute demand on Bitcoin mining hash rates.

#Bitcoin #Onchain data #Longterm holder supply #Bitcoin ETF #Institutional buyers #AI #Gen Z #Hash rate #Compute

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