A Fundamental Analysis of Crypto Markets in Early 2022: China Soon To Stop Selling Bitcoin?

Crypto prices have been stagnating for months despite good news

China has been selling Bitcoin since the ban in May 2021

Figure 1: BTC Exchange Balance in % of total circulating BTC supply. Source: glassnode.com

Asian markets negatively impact bitcoin price

Figure 2: MoM change in Bitcoin price during Asian working hours. Source: glassnode.com

The data for the US and EU markets paint a different picture

Figure 3: MoM change in Bitcoin price during US working hours. Source: glassnode.com
Figure 4: MoM change in Bitcoin price during EU working hours. Source: glassnode.com

Bitcoin HODL army growth may turbocharge upward price action

Figure 5: Bitcoin HODL army growth, illiquid supply is catching up to circulating supply. Source: Bitcoin Magazine, Twitter @therationalroot.

A prediction for 2022

Remarks

About 21e6 Capital AG

About the Authors

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