Personal Update:
I am very proud to announce I'm launching the @_checkonchain Newsletter on Substack!
After 6 years studying and educating folks on the power of #Bitcoin onchain data, it's time to put my skills to the test.
Our first edition is live!
checkonchain.substack.com
🧵
If you have been in Bitcoin for a cycle or more before today, you have experienced a once in a lifetime event.
You built the conviction to hold an asset which the entire world told you was destined for nothing. Literally everyone said you were wrong, at scale.
That character building dynamic, is no longer the case. Wall Street, government policy, and even the media is at minimum less negative, but mostly now positive.
Building conviction in Bitcoin now is easy, folks just pass off responsibility to their money manager.
If you stood the hardcore test of building, forming, challenging, and reshaping your conviction over years, amidst the most hostile social environment against Bitcoin we will probably ever see, well done.
Yes the asset is awesome.
But the lessons you learned, and the trust you now have in your own decisions and ability to reason, cannot be replicated.
You lived a once in a lifetime experience.
Put it to work in your life, and make it better.
BTW, if you're an aspiring Bitcoin analyst, you should read this as 'the TAM for high quality Bitcoin analysis is infinite, and competition is sparse'.
Work your ass off to find your niche, become the best at it, and doors of opportunity will open.
Love seeing Checkonchain charts in the wild.
This is a very old onchain metric, which we use to track changes in HODLer supply.
The interesting part, is that it is derived from Coindays Destroyed, which is a measure of investor holding time.
Coins are Time, and measurably so!
"Nowhere in 2025 have HODLers been net movers of over 100,000 coins in a day, which historically has been indicative of selling activity during late stage exuberance."
Just an observation from a bloke across the pond.
I see this old mate issuing a lot of executive orders.
I understand EOs can be undone via other EOs.
I don't see much legislation.
Best hope the other team never wins again, I suppose...
Once L1s start allowing gas payments in stablecoins, and they absolutely will, the last threads of the L1 token narrative of value capture will evaporate.
40% of all blockchain fees are paid to send USDt 🤯
That's across 9 chains: ETH, Tron, TON, Solana, BSC, Avalanche, Arbitrum, Polygon & Optimism.
Hundreds of millions of people in emerging markets use Tether's digital dollar USDt daily, to protect their families from local
We literally just saw one guy sell 80k BTC in a single clip, 3.8x more than this relatively large Saylor buy.
There are many such guys.
Paper, based on what?
Tremendously good read, drawing parallels between 1920s investment trusts, and Bitcoin Treasury Companies.
The signs are obvious, it's a choice to ignore them.
The irresponsibly long MSTR group is remarkably, extremely, desperately salty and bearish.
Kind of intriguing, since their absolute, bulletproof euphoria in November was the literal pico top.
It's kind of sad seeing so many Bitcoiners commenting their favourite Treasury Company Ticker (which is probably down 50%+ from the highs at this stage), hoping someone will tell them has hit escape velocity.
It hasn't, and we've seen this behaviour before...in shitcoins.
You have probably heard a lot about the Australian housing bubble.
Compared to the AUD 🟢 it is out of control, and out of reach for the vast majority of people.
However, when you price Aussie real estate in Bitcoin 🟠 it is in a 16y long & very nasty depression.
One Trillion Dollars.
Celebrating the Realised Cap hitting $1 Trillion.
My latest bonus piece for the week hitting the inbox of @_checkonchain subscribers.
246 Followers 1K FollowingEngineer and writer. Thanks for following. More than fifteen short stories and articles published in national journals. No DM's
191 Followers 408 FollowingExperienced in Crypto for more than 7 years and will to share views and feelings on macro and Crypto insights.
加密行业7年老韭菜,有高潮有低谷。和大家分享对宏观的观察,分享对加密行业的观察,分享自己的感受。
129 Followers 143 FollowingSoftware Engineer, techie, SciFi lover, Big Thinker.
--
'tragedy of the commons will turn out to be humanity's great filter'
17 Followers 79 Following📊 Price Action Trader | Al Brooks
📉 Leitura de mercado BTC & Futuros
🎯 Veja o que as evidências mostram, não o que você quer que elas mostrem
723 Followers 2K Following당신의 인간지표! - 추세와 반대로 무조건 반대로 가야 성공한다. 믿어 의심치 않는다 $BTC - man made artificial scarcity. no financial advice. do your own research