Bitcoin Drawdowns from ATH (Patreon)
Published:
2022-11-04 22:59:01
Imported:
2023-01
Content
This is a beautiful chart from Sanjay that represents what I've been talking about since summer - not only diminishing returns but also diminishing drawdowns.
There is clearly more holding (over 90% of BTC supply has not moved in over 3 mths), a falling balance on exchanges and growth in wallets over 10,000 BTC this summer.