Bitcoin's liveliness is at its ATH.
Invented by @TamasBlummer, it decreases when people hodl and increases when they spend coins. It would be 1 if all bitcoins were spent at once and 0 if none was ever spent.
Right now it's at 0.613
full chart at charts.coinmetrics.io/formul…
Assuming all Bitcoin mining ASICs are S9 machines (pessimistic assumption), they'd all fit on a single one of the largest container ships.
If all ASICs are newer S17 machines (optimistic assumption), then they would fit into a much smaller "feeder" class ship.
These outflows are actually from Gemini. OKex's Bitcoin and Ethereum wallets have been silent since 3AM UTC.
Not only does that address belongs to the Gemini cluster, but its emporal activity matches the US much more than Asia.
Prior to the suspension of cryptocurrency withdrawals from #OKEx, we observed large BTC outflows from the exchange.
According to our data, a total of 10,000 BTC (~$113 million) were withdrawn in two large batches in the past 48h.
Live chart: studio.glassnode.com/metrics…