Despite a Federal Reserve interest rate hike and the legislative stumble of the Clarity Act, Bitcoin continues to rally, while on-chain metrics point toward a potential depletion of active sellers. Blockware Intelligence Head Mitchell Askew analyzes the milestone reached this summer, when long-term holder supply climbed to a record-breaking 15 million BTC. He details how this large volume of dormant coins indicates additional upside potential for the asset’s price, alongside an evaluation of Bitcoin ETF flows that highlight the re-entry of institutional investors into the marketplace.
Chapters:
0:00 Mitchell Askew of Blockware Intelligence on Bitcoin’s Rally
0:22 Is Bitcoin Selling Pressure Exhausted? Long-Term Holder Supply
1:36 Bitcoin ETF Flows & Returning Institutional Buyers
2:36 Why the Four-Year Halving Cycle Is Breaking
4:06 AI Data Centers Pulling Compute Away From Bitcoin Mining
5:56 The Hash Rate Bear Market: Should Bitcoiners Worry?
6:58 Stranded Energy, Global Mining & AI Data Center Arbitrage
8:12 Why Gen Z Isn’t Buying Homes
9:58 Will Gen Z Ever Save in Bitcoin?
11:26 Shallower Drawdowns & the Future of Bitcoin Cycles
Frequently Asked Questions
Who is Mitchell Askew?
Mitchell Askew is the Head of Blockware Intelligence.
What milestone did long-term holder supply reach this summer?
Long-term holder supply reached an all-time high of 15 million BTC.
What does the large amount of inactive BTC signal?
It suggests that sellers may be nearly exhausted and indicates more room for the price of Bitcoin to run.
What do Bitcoin ETF flows reveal according to the article?
They reveal that institutional buyers are returning to the market.
