{"id":180920,"date":"2023-10-25T22:06:11","date_gmt":"2023-10-25T16:36:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=180920"},"modified":"2023-10-25T22:06:11","modified_gmt":"2023-10-25T16:36:11","slug":"bitcoin-supply-absorption-by-various-cohorts-suggests-impending-halving-event-not-fully-priced-in-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-supply-absorption-by-various-cohorts-suggests-impending-halving-event-not-fully-priced-in-crypto-news\/","title":{"rendered":"Bitcoin supply absorption by various cohorts suggests impending halving event not fully priced in – Crypto News"},"content":{"rendered":"

<\/p>\n

Quick Take<\/h2>\n

A deep dive into Bitcoin\u2019s issuance reveals a fascinating trend as the next Bitcoin halving event approaches.<\/p>\n

The current monthly issuance of Bitcoin stands at 27,000 BTC, calculated from 900 Bitcoin mined each day over 30 days. An analysis of various cohorts, along with exchanges and miners, unveils a significant absorption of this supply.<\/p>\n

Indeed, the balance of the 27,000 BTC is being consumed overwhelmingly. The past month\u2019s data shows \u2018Shrimps\u2019 accumulating 25,000 BTC and \u2018Crabs\u2019 by 2,265 BTC,<\/p>\n

\u2018Fish\u2019 decreased by 3,000 BTC, \u2018Sharks\u2019 by 37,000 BTC, \u2018Whales\u2019 by 18,800 BTC, and \u2018Super Whales\u2019 by 11,140 BTC.<\/p>\n

Meanwhile, exchanges saw a balance decrease of 9,136 BTC, seen as a bullish sign, and miners increased their balance by 3,075 BTC. In total, these cohorts absorbed roughly 103,000 BTC.<\/p>\n

All cohorts: 30-day balance change: (Source: Glassnode)<\/figcaption><\/figure>\n

With the impending halving event, the monthly Bitcoin supply will drop to 13,500 BTC. Assuming constant demand, this reduction in supply could trigger a bullish turn in the market\u2014an event that may not yet be fully priced in.<\/p>\n

\"All
All Balance Change vs Issuance: (Source: Glassnode)<\/figcaption><\/figure>\n

The post Bitcoin supply absorption by various cohorts suggests impending halving event not fully priced in<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take A deep dive into Bitcoin\u2019s issuance reveals a fascinating trend as the next Bitcoin halving event approaches. The current monthly issuance of Bitcoin stands at 27,000 BTC, calculated from 900 Bitcoin mined each day over 30 days. An analysis of various cohorts, along with exchanges and miners, unveils a significant absorption of this […]<\/p>\n","protected":false},"author":2,"featured_media":180921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-180920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=180920"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180920\/revisions"}],"predecessor-version":[{"id":180922,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180920\/revisions\/180922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/180921"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=180920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=180920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=180920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}