Bitcoin Data Guy

Bitcoin’s decentralization is getting stronger, quiet and steady. The share of home and small-scale miners has climbed to ~2.5% of the global hashrate in just 18 months. This isn't just noise. It is a structural shift powered by hobby miners.

The market is making a clear choice over the last 30 days. Real Market Data: 🟦 Tesla (Hardware/Robotics): +13.5% 🟧 Bitcoin: -4.4% 🟪 Microsoft (Software): -6.0% 🟥 Nvidia (Chips): -8.0% Capital is rotating.

Blocks Full, Fees Down. How does that even work? #Bitcoin blocks: >150% utilized vs. legacy 1MB baseline (SegWit magic since 2017). Daily fees? Just ~2.65 BTC today. I plotted this 2011–today view

Common wisdom says: "Miners who filter spam lose revenue." Because they leave fee-paying transactions on the table. I checked the on-chain reality (Avg Fees per Block, last 30 days): 🟦 Ocean (Filtered): ~0.0222 BTC (Fees) 🟧 AntPool (Unfiltered): ~0.0211 BTC (Fees) Surprise: Ocean actually earns slightly more in fees per block than the unfiltered competition. Quality > Quantity? Filtering the blockchain doesn't seem to hurt the bottom line.

We are witnessing a complete restructuring of Bitcoin's ownership over the last 100 days. The data reveals a brutal truth about market psychology: 1. October (FOMO): Retail (<1 BTC) chased the price aggressively. Whales distributed into strength. 2. December (Fear): Retail is capitulating at the bottom. Whales (>1k BTC) are absorbing the liquidity. 📉 Retail Flow: -80,000 BTC (Panic Selling) 📈 Whale Flow: +110,000 BTC (High Conviction) Wealth is transferring from the impatient to the sovereign.