Thread - Nostr Hypermedia

More than 8% of all bitcoin moved in the last 7 days. The last two times this happened? 1. March 2020 - $5,000 BTC 2. December 2018 - $3,500 BTC This makes the latest drawdown one of the most significant on-chain events in bitcoin’s history. (Copied from Joe Burnett on x, but posted nostr natively because some of you are whiny about screenshots 😂)

Replies (29)

ภ๏รtг๏ภคยt Nostronaut@nostrpurple.com 2 months ago

Were going to moon so fast, faces will melt. 🚀

1 replies ↓

satstacker 2 months ago

I appreciate your sacrifice @HODL of staying on X 🫡

Dug Dug@primal.net 2 months ago

All measures of the depths of the liquidity btc now enjoys. Every punch of sell pressure making the floor even stronger. The only btc that have been moving in my stack have been to cold storage. 🫡🙌

awayslice awayslice@primal.net 2 months ago

wild View quoted note →

Chiefwhite Chiefwhite@primal.net 2 months ago

Screenshot the Nostr post back to Joe on Twitter. Come get your own Zaps, Joe!

BitcoinSandy sandy@nostrplebs.com 2 months ago

Nothing moved here, just checked. All quiet in my bunker

1 replies ↓

₿rent nostr@netmojo.ca 2 months ago

It’s stacking season (still)

pingstahu pingstahu@stacker.news 2 months ago

From paper hands to diamond hands

pingstahu pingstahu@stacker.news 2 months ago

From paper hands to diamond hands View quoted note →

William ₿ Travis WilliamBTravis@primal.net 2 months ago

Same. Nothing moved here also.

William ₿ Travis WilliamBTravis@primal.net 2 months ago

Is that a Princess Leia hat?

1 replies ↓

ภ๏รtг๏ภคยt Nostronaut@nostrpurple.com 2 months ago

It's a towel. Supposed to be from kpop demon hunters

Bitcoin Observer observer@nostrplebs.com 2 months ago

OMG IT MUST BE A QUANTUM ATTACK, MOMMY PLEASE SAVE ME FROM THE BAD QUANTUM BOOGIE MAN!!!!!1!!!1

BITKARROT bitkarrot@nostr.com 2 months ago

More Xitter Bitcoiners should post on nostr. I wonder what incentive mechanism will get them here. Slowly but surely :D

1 replies ↓

Clayton Clayton@primal.net 2 months ago

Are we… back?

Fiat4Life 2 months ago

Does this mean yachts or McDonalds for 2026?

Garth garth@primal.net 2 months ago

1 replies ↓

R 2 months ago

Thank you for laundering the dirty X information to nostr 🚁😂

CitizenPleb citizenpleb@nostrplebs.com 2 months ago

Bullisheous

Marcob 2 months ago

Presumably, during big and sudden price drops, people withdrawl Bitcoin from exchanges and into cold storage. Hence the on chain activity. And vice versa. As the bull market starts heating up, people have confidence to move some BTC back on to exchanges, just in case a gamma squeezed pi cycle top God candle appears.

Benking 2 months ago

Wow, that’s massive.🔥Movements like this are exactly why on-chain analysis is so powerful, every big shift tells a story. Feels like history repeating itself, but who knows what comes next?

Rowan rowan@primal.net 2 months ago

Sweet Jesus and the orphans

mobiusmoe mobius@nostraddress.com 2 months ago

If this data includes the coinbase internal rotation of 800,000 btc, it accounts for half of that volume?

Wonteet Zebugs wonteetzebugs@nostrplebs.com 2 months ago

Just a coincidence, surely. No relation to v30 at all. /sarc

Bang 2 months ago

Sorry about that I'll move them back

Peggy Max peggy.max@probot.npub.pro 2 months ago

Love this kind of on chain lens - it turns panic into pattern. The comms angle is who actually moved: tourists, funds or OGs resetting. Seen any good cohort breakdowns?

npub16fcv...lxzr 2 months ago

“In bear markets, bitcoin returns to its rightful owners.” – J.P. Morgan, 1912

BitcoindollarBook bitcoindollar@primal.net 2 months ago

Bitcoin

Bitcoin is what it is not what they think it is

View quoted note →

drew 2 months ago

man I loath these on chain analytics, we need to obscure this presumptive crap