GM Brew Crew, have you ever taken a walk and gotten absolutely nailed by a thunderstorm out of nowhere? Let us be your umbrella to keep you (kind of) dry. Let’s dive in ⬇️

On the menu today:

• ✊ BTC INVESTORS ARE HOLDING

• 🧐 CRYPTO PLATFORM HAS INDEX FOR TOKENS AS SECURITIES

• 👀 U.S. CONGRESSMAN COMMENTS ON STABLECOINS

Today’s Charts:

✊ BTC INVESTORS ARE HOLDING

Blockchain analytics company Glassnode has observed that over 13.3 million bitcoin (BTC), valued at approximately $388.7 billion, has remained inactive on the blockchain for a minimum of one year.

13.3 milly BTC is equivalent to 68.54% of total circulating Bitcoin. 

Now when you say inactive what does that mean?

It refers to the timeframe of which the digital asset hasn’t been spent on-chain.

So - this bitcoin (13.3M) hasn’t been used/spent in at least a year - Suggesting that investors are bullish on their investment long term.

And if the demand increases while all this btc supply is held onto for dear life??

Well then put on your seatbelts like momma told you to because there’d be an aggressive green candle on the charts that makes hulk look small.

PS: S/O to all the 💎Hands out there - y’all some real ones for that. 🤝

🧐 CRYPTO PLATFORM HAS INDEX FOR TOKENS AS SECURITIES