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The block reward that miners receive can indicate market sentiment. When the reward increases, as it did in February 2023, we see a rise in BTC price. 2/7

In May and July, we saw experiments with the BRC-20 protocol, which increased the miners' fees, and this is evident in the weekly deviation.

1/8 🧵 Let's dive into the smallest players in the BTC market, the "shrimps" - wallets with a balance of less than 1 BTC. This cohort doesn't have as much influence as others, but due to their large volume and coordinated activity, they can exert buying and selling pressure #BTC 2/8 For all charts, we'll examine metrics smoothed by a 7-day moving average to identify trends more clearly. The "BTC Shrimp 🦐 Addresses with Balance ≤ 1" chart shows the difference between the number of addresses with a balance ≤ 1 BTC on the current and previous days.

🧵 1/4 UTXO Age-Based Investor Engagement refers to how actively different investor groups interact with the market, including fund movements within the network, sending to or withdrawing from exchanges. Data is displayed from Jan 1, 2023 to today.

#Crypto #Investing 🧵 2/4 Current investor activity since the start of the year:

Short-term investors (UTXO age 0-1 month) = 76.19%
Mid-term investors (UTXO age 1 month-1 year) = 10.88%
Long-term investors (UTXO age >1 year) = 12.92%

#CryptoMarket #Trading