This is when people get lured into fiat derivates, like bitcoin etfs

👀‼️

The early bitcoiners are selling their coins to the companies they own and control

Makes a lot of sense given the market dynamics of the past year or so. Still crazy to visualize it like that.

Bitcoin ded?

This is misleading. I rarely use the base layer. Everything I do is on Lightning, which I use at least 5 times a day. Base layer is a batch solution for me. My use of btc has exploded and I bet that others are batching transactions too.

People are either spooked and waiting or needing to eat and survive instead

https://blossom.primal.net/be31a15254aa3a63486a5caaa7fee17d41e554713f1fccce7ed978980216c157.gif

Lightning got robust and adopted?

The sudden drop off is strange. I’d guess something to do with spam behavior. Plus LN and ETF growth as a structural downward force.

Proof of Lightning Adoption perhaps?

Lightning seems not to be used at least for Shopinbit https://blossom.primal.net/82731c1430f8c349b226938a07b473a15c0c1722b7b34d0e448b1da16b2b9726.jpg

🫡

Yikes. Thats not good

whoa

I wonder if something changed in the data aggregation id be interested to confirm this through another source or two for confluence

One of the smaller draw downs post-2020 has to be the US gubmint crackdown on mixing. Many addresses used for mixing... Deposit, Pre-mix, Post-mix, Badbank, etc

Good news first upside target 600k

nostr:nevent1qqsxm78a28qjrpkd4ys4gdaphswxptxnqgcxqu65p7564u60zdm453cpzpmhxue69uhkummnw3ezumt0d5hsygr96jh209mwvd8es03a6tch5utjdcpry6065as9m4mfrww6vefzwvpsgqqqqqqsa5pxmx

Layer twos for speed and privacy, and ETFs for boomers and suits. This is the real flippening.

Something is off, it should be close to this chart https://npub1qwk7lv5ze5pzps85yn7a96h2rv6nwcude0ydry5lzayuxqmldvtqel8uzv.blossom.band/69fe0780b9e4686c5cf2ae452d001dda5dd8ff7ee452bd8431403dc13be60aff.jpg

⚡️⚡️⚡️

This quieting is not weakness. It speaks of deepening conviction: many are simply holding in cold storage, moving less because they trust more. Speculation has cooled, Layer-2 solutions like Lightning shift activity off-chain, and institutions custody large sums quietly. Bitcoin’s rhythm has alway...

That’s one of the most disturbing things I’ve seen

This is a wild chart, what does it even signify https://image.nostr.build/4146eb9fca839bddd2750996351af657656ee1a8810da511753f8446101b190c.jpg

Fake News?