China is still the 2nd largest Bitcoin miner in the world
Source: Coinbeast
Bitcoin transaction costs climbes above $30 vs $2 a month ago
Congestion on the Bitcoin network in recent weeks has been driven by the minting and transfer of BRC-20 tokens. Transaction fees on Ethereum over the last four weeks are currently 0.84 standard deviations above the preceding 12m average, whereas transaction fees on Bitcoin are 10.49 standard deviations above the average. That fee discrepancy on a normalized basis could be contributing to the modest BTC outperformance over ETH in recent weeks. Source: Coinbase Research
Bitcoin miner Marathon Digital hit with another SEC subpoena
Marathon Digital announced on Wednesday that it has received a recent subpoena from the Securities & Exchange Commission (SEC), which is linked to an ongoing investigation into the company's data center located in Montana. The investigation focuses on possible breaches of securities laws. This new subpoena comes after Marathon Digital and a few of its executives were issued a related subpoena earlier in the quarter ending on September 30, 2021. The previous subpoena required them to produce records and communications pertaining to the facility located in Hardin, Montana. Source: Blockworks
Digital gold (bitcoin) correlation with gold is on the rise
While Bitcoin's $BTC correlation with the S&P 500 has been declining over the last year, it has been rising with Gold over the same period. Source: CNBC, Cryptoquant, Barchart
Bitcoin mining by country
Source: Bitcoin News via BitcoinPierre
Only 0.01% of the world holds 1 Bitcoin (BTC)
There are less than 1,000,000 people who hold at least 1 BTC in an address they control. Source: Glassnode
The Bitcoin market has stopped bleeding.
Realized P/L ratio (30d MA), a ratio between all coins moved at a profit and a loss (at the price last moved on chain), has flipped positive. Source: Glassnode, Dylan LeClair
Bitcoin Miners have Stopped Selling and Started Buying
Source: Bitcoin news, Glassnode
