GM and Happy 4th!
I certainly was wrong on price action over the last week but the beauty is it just means more cheap sats for quite some time. I do think it takes us quite a long time to recover from a technical standpoint but time to increase those DCAs!
Cheers and have a wonderful time with family and friends, hopefully outside and maybe even by some water. ☕️⛵️☀️🍻
"Time Preference”- 48th Edition
1) # Full nodes (reachable) - 18,245 (+1.60%)
2) # LN nodes - 12,921 (+0.71%)
3) LN capacity (BTC) - 5,004 (+1.77%)
4) BTC addresses > 1M sats - 12.61M (+0.31%)
5) BTC addresses > 10M sats - 4.56M (+0.14%)
6) BTC addresses > 100M sats - 1.011M (-0.04%)
7) Hashrate (EH/s) - 567 (-11.13%)
8) Price - $67,753 (-1.07%) (Sunday close)
9 Price/Hashrate - 119 (+11.31%)
10) Michigan businesses accepting BTC (btcmap.org) - 10 (n/c)
11) Routing Events - 119 (+43.37%)
12) Routing Sats - 1,451 (+115.92%)
* % change figures from prev.
Good action in this week on a lot of fronts. Good to see us back over the 5,000 BTC LN capacity. Also good to see an increase in LN nodes, addresses > 1M& 10M sats and my routing activity!
One thing I noticed this week is addresses over 1 BTC has been in steady decline (albeit slow and minimal each week) since early Jan this year, trying to make sense of this decline and struggling. Happy to hear any thoughts on this.
Did hashrate really drop 11%? According to #lookintobitcoin it did - Would also love to hear some thoughts on this.
Cheers everyone, have a great week!
#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️