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Maartunn Profile picture
@JA_Maartun
Oct 24, 2022 • 3 tweets • 1 min read • Read on X
Long-term holders are holding more than 75% of all existing #Bitcoin. This are percentages we haven't seen since Oct '15.

Data by @cryptoquant_com

#Bitcoin #OnChain #Data #Investment Image
Why is this important?
Long-term holders are experienced market participants who's seen different phases of the market. They are the hodl'ers from last resort, providing Bitcoin strong support.
This is important in bearmarkets, where coins are shifting from younger, less experienced market particupants to the long-term holders.

This proces will take time, but when it has completed #Bitcoin can start a new phase.

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More from @JA_Maartun

Maartunn Profile picture
Oct 26
📉 Strategy's Bitcoin buying is slowing — fast.
From 55,000 BTC per week to just 200 BTC.

This thread breaks down what’s changed — and why it matters 👇🧵 Image
@cryptoquant_com @saylor 1. Weekly purchases are shrinking 📉

Late 2024/ Early 2025 saw weeks with >10,000 BTC buys (even a 55.5K BTC spike).
Now? Just ~200 BTC/week. Image
🎥 Prefer to watch a video?

I break down MicroStrategy’s slowdown, capital pressure, and market impact here 👇

🔗
Read 13 tweets
Maartunn Profile picture
Dec 8, 2024
🚨Long-Term Holders sold 827,783 BTC in 30 days.

This is one of the bearish on-chain signals behind this BOLT statement.

A thread on more key signals behind this claim📉👇Image
2/ The Long-Term Holder distribution is also reflected in Coin Days Destroyed. ⛏

CDD = Bitcoin Value × Days Dormant

Bitcoin Value: Amount spent.
Days Dormant: Days unmoved before spending.Image
3/ But sir, MicroStrategy and the ETFs are buying. 🏢

That’s correct, but the overall market is much larger than just them. In the last 30 days:

MicroStrategy: +149,880 BTC
BTC ETF: +84,193 BTC
Long-Term Holders: -827,783 BTCImage
Read 11 tweets
Maartunn Profile picture
Apr 20, 2023
A bunch of 7 ~ 10-year coins has moved on-chain. Historically, that's not a great sign 🤯

cryptoquant.com/asset/btc/char… Image
And this...

And this..

Read 8 tweets
Maartunn Profile picture
Nov 6, 2022
BTC: Funding Rates hits a 6-month high 😱

Traders are betting on higher prices and are willing to pay a serious amount of interest. That doesn't have to be bearish perse, but when price start to move against them they might be forced to get out their position.

Read more 👇
Funding Rates for Bitcoin hits a 6-months high. Funding Rates is the amount paid by traders in a long-position to traders who are in a short-position.
It is a mechanism to keep the price of the perpetual futures contract nearby the assetprice.

▶ If funding is positive, traders are betting on higher prices. The future contract is trading above asset price which means that you pay to be long
Read 6 tweets
Maartunn Profile picture
Oct 22, 2022
[LONG READ] 1 of ∞
Miners are under heavy pressure ⚒

It is more difficult to mine new Bitcoin and on the other side, revenue is lower.

Which sign related to this are visible on the Bitcoin network?

This article was first published at @BitcoinFocusNL
In the last 10 months, the price of Bitcoin decreased with 70%. On the other side; hashrate, and thereby the difficulty, has grown. This means it's harder to mine new Bitcoin, and those Bitcoins will give less revenue.
In this thread, I'll focus on the hashrate, revenue for miners in BTC and dollar-terms, the total amount of fee and what these numbers mean at the current market situation.
Read 26 tweets
Maartunn Profile picture
Sep 3, 2022
1 // #Bitcoin Bottom Signals 🚀🔥

In just a few months, #Bitcoin traded $70000 all the way down to $20000. A historical drawdawn, the right time to look at potential bottom signals

I'll move over several datapoints. The more you'll see, the more bottom-ish. Let's go 👇
1 // Exchange Reserve. Reserves are trending down 🟢

Less #Bitcoin on exchanges = Less potential selling pressure

Chart:
cryptoquant.com/asset/btc/char… ImageImage
2 // Drawndown from ATH 🟠

Previous Bear Markets: at least 80%
Current Bear Market: 70%

Chart:
studio.glassnode.com/metrics?a=BTC&… Image
Read 20 tweets

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