• The current net unrealised profit/loss of all Bitcoin is 0.11 BTC, or $2,500.
• Two-thirds of the Bitcoin supply is currently in profit, despite prices remaining nearly 70% off all-time highs.
• On-chain analytics provide a wealth of interesting insight into the asset and its performance.

Bitcoin Unrealised Profit

The public ledger that is the blockchain allows us to explore analytics behind Bitcoin as an asset. Today, let’s take a look at what would be the total unrealised profit if all Bitcoins were sold right now.

Supply and Profit

The chart below plots the total supply of Bitcoin climbing towards its final supply cap of 21 million coins:
A Flourish map
It shows that despite the bear market, two-thirds of the total supply are in profit – likely suggesting that the total unrealised profit from selling all Bitcoin is positive.

Percentage in Profit

This can also be seen by looking at what percentage of the total supply is in profit:
A Flourish map
This shows that with two-thirds of the total supply in profit, it is likely that Bitcoin’s total unrealised profit is positive when everybody sells at current price.

Long Term Outlook

As an asset class, it remains to be seen whether or not Bitcoin will perform as a store-of-value – protecting one’s wealth over time – or if it will prove too volatile for long term investments. Nevertheless, on-chain analytics provides an interesting insight into this digital currency and its performance over time.

Conclusion

Today we have explored what would happen if everyone sold their Bitcoins today – finding out that there would likely be a positive unrealised profit if this happened. This suggests that although prices remain far below all time highs, two thirds of holders are still holding onto a profitable position within their coins which could indicate some level of confidence in them going forward.

• Indonesia’s Trade Ministry has announced that it plans to launch a national crypto exchange by June 2023.
• This comes after the passing of the Financial Sector Development and Reinforcement Bill, which provides regulatory oversight for crypto exchanges in the country.
• The government has identified five active, registered exchanges from a list of 25 to be part of the new bourse.

Indonesia to Unveil National Crypto Exchange by June

The crypto landscape in Indonesia could see a national crypto exchange before the end of June this year. Initially, Indonesia planned to launch its crypto bourse before the end of 2022 but due to delays and other official reasons, they had to push back the rollout date until now.

Financial Sector Development and Reinforcement Bill

In December 2020, lawmakers in Indonesia’s House of Representatives passed a financial sector development bill called “the omnibus law”. This law provides regulatory oversight for crypto exchanges as well as other aspects of the broader financial services industry.

Selection Process for Participating Exchanges

At present, there is an ongoing review process for digital asset exchanges that are looking to join the national crypto exchange. The Indonesian government has identified five active and licensed platforms from a list of 25 that will be part of this new bourse.

Trade Minister Comments on Upcoming Bourse

Commenting on this upcoming development, Indonesia’s Trade Minister Zulkifli Hasan said there is need for everything to be done correctly in order to ensure that all safeguards are put into place before launching it. He emphasized that rushing into this project could result in harm coming to those who are still learning about trading with cryptocurrencies.

Growing Crypto Community in Indonesia

• Digital wealth platform Yield App has acquired Trofi Group, a platform that offers structured solutions for cryptocurrencies.
• The acquisition brings four new structured products to the Yield App product suite and establishes Yield App as a pioneer within the crypto-structured products arena.
• Yield App is now one of the leading digital wealth platforms and the team at Trofi Group boasts of 30 years experience in derivatives desks at JP Morgan and HSBC.

Digital wealth management platform Yield App recently announced that it has acquired Trofi Group, a platform that offers structured solutions for cryptocurrencies. This acquisition brings four new structured products to the Yield App product suite, making it one of the leading digital wealth platforms.

The team at Trofi Group consists of experienced professionals who have spent 30 years in derivatives desks at JP Morgan and HSBC. This experience and expertise will be invaluable in providing customers with enhanced yield structured products. Tim Frost, the CEO of Yield App, said: “The acquisition of Trofi Group establishes Yield App as a pioneer within the crypto-structured products arena, making us one of only a few platforms to bridge the gap between traditional finance and crypto.”

Yield App is a digital wealth platform that provides safe custody of digital assets and allows customers to exchange and earn on their assets at market-leading rates. The platform is constantly innovating to offer customers more options to maximize their profits. With the acquisition of Trofi Group, Yield App is now able to offer customers more options and products to help them make the most of their investments.

The acquisition of Trofi Group further strengthens Yield App’s position as one of the leading digital wealth platforms. The team at Yield App is committed to providing customers with the best products and services to ensure that their investments are secure and profitable. With the addition of Trofi Group’s structured products, Yield App is now better positioned to help customers maximize their returns.

• The Play to Earn model has been the starting point of the NFT gaming development, however, it has created a sustainable concept – NFT games are not for fun.
• A new branch of industry is emerging, which focuses on user engagement and emotions. The use of NFTs is a realisation of a tool that allows players to immerse in addictive gameplay and unleash their creativity.
• The NFT space continues to battle user attraction and retention, as the crypto industry evolves from funny cats into a global trend in response to market circumstances and user requirements.

The world of gaming has been revolutionised by the emergence of Non-fungible tokens (NFTs). NFTs are digital assets that are stored on the blockchain, allowing them to be owned and traded on the open market. The NFT space has grown exponentially in recent years, with developers creating new and innovative ways to use this technology.

The Play to Earn (P2E) model has been one of the driving forces behind this growth. The P2E model has been embraced by many gamers, as it allows players to earn real money from playing games. By completing in-game tasks or simply playing the game, players can earn money from the NFTs they own. This has been a revolutionary concept, as it has created a sustainable model for NFT gaming, allowing players to make money while playing.

However, while the P2E model has been successful in attracting users, it has also created some challenges. The main issue is that it is difficult to make money in the red market. This is because P2E games do not offer anything interesting or engaging and players are looking for more than just the ability to make money. This has resulted in a lack of user engagement and retention, as players are not willing to invest their time in these games.

In order to overcome this challenge, a new branch of industry is emerging. This industry focuses on developing games that are more engaging and emotionally stimulating. These games combine the best traditions of WEB 2.0 games, with the use of NFTs as the realisation of a tool that allows players to immerse in addictive gameplay and unleash their creativity.

By developing games that are more engaging and emotionally stimulating, developers are able to attract and retain users. These games are designed to provide players with an enjoyable gaming experience, while still allowing them to make money. This has resulted in a surge in popularity for NFT gaming, as players are more willing to invest their time in these games.

The NFT space continues to battle user attraction and retention, as the crypto industry evolves from funny cats into a global trend in response to market circumstances and user requirements. Developers are now creating innovative ways to use the technology, while still focusing on making games that are enjoyable and emotionally stimulating. By doing this, they are able to attract more users and provide them with a gaming experience that is both fun and profitable.

Bulletpoints:
• Robinhood has announced plans to delist Bitcoin SV (BSV) before the end of January
• Between now and January 25, users can still hold and sell BSV
• After the deadline, Robinhood will not support Bitcoin SV trades, purchases, or transfers

Online trading app Robinhood has made a significant announcement that it will be delisting Bitcoin SV (BSV) from its platform. The delisting will begin on January 25, giving users a two-week window to hold and sell their BSV holdings.

The decision to delist Bitcoin SV has been made in accordance with Robinhood’s regular review of cryptocurrencies. The company has a rigorous framework in place to help evaluate the crypto assets it offers. Through this process, Robinhood has decided to remove Bitcoin SV from its platform, and will no longer support any BSV trades, purchases, or transfers after January 25.

Any BSV held in users‘ accounts will be sold at market value and the proceeds will be given to the respective users. This move is part of Robinhood’s goal to make Robinhood Crypto the most trusted, lowest cost, and easiest to use on-ramp to crypto.

The decision to delist Bitcoin SV has been met with mixed reactions from the cryptocurrency community. Some have expressed their disappointment in the move, while others have applauded Robinhood’s efforts to protect users from potential risks associated with the cryptocurrency.

Regardless, Robinhood’s decision to delist Bitcoin SV shows that the company is serious about protecting its customers and ensuring the safety of its platform. With the delisting of Bitcoin SV, Robinhood is one step closer to its goal of providing a secure and reliable cryptocurrency trading experience.

• Indonesia is planning to launch a national cryptocurrency exchange in 2023.
• The government will transfer regulatory powers over such assets to the Financial Services Authority soon.
• The country’s central bank is also working on launching its digital currency (CBDC).

Indonesia is making some major moves in the cryptocurrency space. The country is planning to launch a national cryptocurrency exchange in 2023 and will transfer regulatory powers over such assets to the Financial Services Authority soon. This move could have far-reaching implications for the industry and could open up more opportunities for investors, traders, and other stakeholders.

The news was first reported by Bloomberg, which revealed that the government would launch the cryptocurrency exchange before it shifts regulatory powers over such assets to the Financial Services Authority, from a commodities agency. This latest development comes as the country is making efforts to promote the growth and development of the crypto industry.

At the moment, crypto assets in the country are traded alongside commodity contracts and are regulated by the Commodity Futures Trading Regulatory Agency, known as Bappebti. Bappebti acting head Didid Noordiatmoko revealed that as part of a broader financial sector reform, the FSA would be given regulatory power over the assets over the next two years, during which time the exchange would be established.

The country’s central bank is also in the process of launching its very own digital currency (CBDC). The Bank of Indonesia is currently in the process of developing the CBDC, which is expected to be launched in 2022. The CBDC will be used for interbank transactions and is expected to be more secure and efficient than traditional payment methods.

The move by Indonesia to launch a national cryptocurrency exchange and launch its own digital currency could be a major step forward for the crypto industry. It could open up new opportunities for investors and traders, as well as making crypto transactions more secure and efficient. It remains to be seen how the government will regulate the industry, however, as there are still a number of issues that need to be addressed.

• Near Protocol price jumped on Wednesday in line with other Sam coins like Solana and Serum.
• Sam Coins refer to those cryptocurrencies that Sam Bankman-Fried, the founder of FTX and Alameda Research, has invested in.
• Near Protocol has struggled in the past few months, with its popularity among investors waning and its total value locked (TVL) in its DeFi ecosystem dropping to $98 million.

Near Protocol, one of the few cryptocurrencies that are known as Sam Coins, staged a slow recovery on Wednesday. Sam Coins refer to those cryptocurrencies that Sam Bankman-Fried, the founder of FTX and Alameda Research, has invested in. Near Protocol paused its remarkable selloff as Sam Coins staged a strong comeback. The coin rose to a high of $1.428, which was the highest level since December 16th. It has rallied by more than 14% from its lowest level in 2022.

Solana, another Sam Coin, has been one of the worst performers in the crypto industry after the collapse of FTX. Its DeFi ecosystem has lost billions of dollars and it currently stands at $350 million. Near Protocol has also struggled in the past few months. Its popularity among investors has waned while the total value locked (TVL) in its DeFi ecosystem has crashed to $98 million. At its peak in the summer of 2021, it had a market cap of more than $6 billion and its TVL stood at $1.8 billion.

The recent rebound in Near Protocol’s price coincides with a rebound in the broader crypto markets. Bitcoin has surged to new all-time highs and Ethereum’s price is also up. The recent rally in Near Protocol’s price could be attributed to the institutional demand for Bitcoin and the overall positive sentiment in the crypto markets.

The bullish momentum in Near Protocol’s price could be short-lived if the crypto markets face a correction or if the Sam Coins fall out of favor with investors. The coin is still down by more than 60% from its all-time high of $3.60 and it is yet to reach its previous peak. In the near term, Near Protocol’s price could remain volatile and investors should exercise caution while investing in it.

MicroStrategy wil meer Bitcoin kopen, zegt de president

MicroStrategy wil aan zijn 521 miljoen dollar kostende voorraad bitcoin toevoegen, zo zei de voorzitter van het bedrijf dinsdag tijdens een conferentiegesprek over de verdiensten van het bedrijf.

MicroStrategy President Phong LiBesidesides het 22% rendement op zijn BTC-investering, heeft het bedrijf een ander voordeel gezien van zijn uitstapje naar cryptocurrency – verhoogde zichtbaarheid. „We hebben een opmerkelijk en onverwacht voordeel gezien van onze investering in bitcoin in het verhogen van het profiel van het bedrijf in de bredere markt, zei Li. „Dit komt onze reputatie ten goede, en verhoogt onze mentaliteit onder potentiële klanten.“

CEO Michael Saylor, die sinds begin september vocaal pleitbezorger is van BTC, legde tijdens de winstmelding verder uit dat de bitcoinreserves van MicroStrategy hun vruchten afwerpen bij de rekrutering Bitcoin Profit, de marketing en het merk MicroStrategy. Hij vergeleek ook het bitcoin-netwerk met „een digitaal monetair netwerk dat geen monetaire energie afvoert“.
Schrijf u in op Blockchain Bites, onze dagelijkse update met de laatste verhalen.
Door u aan te melden, ontvangt u e-mails over CoinDesk producten en gaat u akkoord met onze algemene voorwaarden en privacy policy.

„Naarmate meer entiteiten dat idee beginnen te begrijpen, wat behoorlijk dwingend is, neemt de adoptie van bitcoin toe,“ zei hij.

De verklaring van de uitvoerende macht kappen een wilde drie maanden bij de bedrijfsintelligentiefirma, stafmedewerkers die eerst bij een bitcoin-toekomst in hun Q2 vraag laten doorschemeren. Het aandeel van MicroStrategy is meer dan 40% gestegen sinds de eerste bitcoin onthulling van Saylor op 11 Augustus.

Afgezien van de aandelenkoers heeft de verhaallijn van de bitcoin het profiel van het bedrijf zeker versterkt. De verschuiving begon op 28 Juli, toen tijdens Q2 de stafmedewerkers van de inkomensoproep piekeren toewijzend $250 miljoen in ,,alternatieve activa“ in de loop van de volgende 12 maanden als dekking tegen de verzwakkende dollar.

Bitcoin, zeiden ze, was een van de mogelijke „alternatieven“. Het bleek het enige alternatief te zijn

Dit alles van een bedrijf waarvan het bedrijfsmodel niets te maken heeft met crypto. Vóór bitcoin was de enige interactie van MicroStrategy met de blokketenruimte de verkoop van de Voice.com-domeinnaam aan EOS ter waarde van 30 miljoen dollar in 2019.

Saylor heeft de bitcoin-holdings echter ingelijst als een „voorbeeld van MicroStrategy’s omarming van virtuele technologieën“ in zijn Q3 earnings call preview.

Nu BTC erkend is als MicroStrategy’s „primaire thesauriereserve“, zei het bedrijf in zijn verklaring dat het zijn totale holdings kan verhogen of verlagen als dat nodig is. Maar uit de opmerkingen van Li en uit wat BTC heeft gedaan voor de zichtbaarheid van het bedrijf en zijn financiën, lijkt het erop dat de voorkeur van het bedrijf nu uitgaat naar het verhogen van zijn holdings en binnenkort.

 

Max Bronstein, who works in Coinbase’s Institutional Hedging team, believes that „fireworks“ are coming to the global currency market. In addition, an increase in the volatility of national currencies could greatly benefit the price of Bitcoin (BTC).

He added:

„Much has been said about Bitcoin Evolution performance during episodes of stock volatility, but not much about how BTC would perform during episodes of volatility in the foreign exchange market. With global currency volumes at record lows and a large wave of new debt, the fireworks are about to hit the foreign exchange market.

Even before the pandemic hit the international economy, Bronstein noted that the global monetary system was very fragile. Many countries risk seeing their currencies constantly devalue for a variety of reasons.

Bitcoin will never be truly private, says Andreas Antonopoulos

The analyst said national currencies are vulnerable due to the low dollar reserves and high dollar-denominated debts of many nations.

Global currency volatility drops to an all-time low

Why would this benefit Bitcoin?
National currencies with a history of hyperinflation risk seeing a similar trend in the short term. Bronstein pointed to the Argentine peso, the Turkish lira and the Brazilian real as examples of some currencies with low dollar reserves.

Bitcoin Faces Resistance at USD 9,300, Altcoins Rise to New Record Highs
The Argentine peso, for example, recorded an inflation rate of 42.1% for May 2020, according to data from Trading Economics. The price of Bitcoin could benefit from fears of hyperinflation, massive currency volatility and devaluation shocks, the analyst says.

 

Bronstein explained:

„In all these cases, the volume and weakness of the currency will derive mainly from the government’s need to devalue its currency. Bitcoin is framed in contrast, as it cannot be devalued by a central entity. In a regime where almost all governments have an incentive to devalue their currencies, few monetary systems would benefit as much as Bitcoin. Never before has there been such a need for an open-source competitor for fiduciary currencies.

Noch vor 72 Stunden wurde Bitcoin bei 10.100 USD gehandelt, aber die Kryptowährung ist seitdem stark gesunken.

Dies gipfelte am Samstagabend und Sonntagmorgen, als Bitcoin innerhalb weniger Stunden von den Höchstständen von 10.000 USD auf 8.100 USD abstürzte. Es war ein starker Rückgang, der Long-Positionen in BitMEX im Wert von über 200 Mio. USD liquidierte, wie zuvor von NewsBTC berichtet.

Die starke Umkehrung von Bitcoin von den Höchstständen hat viele bärische Fälle überzeugt

Ein prominenter Händler, der im vergangenen Jahr den Tiefststand von BTC für 2019 von 6.400 USD prognostiziert hatte, rechnet mit einem weiteren Schritt auf 6.400 USD. Obwohl eine Marktstudie von Market Science, einem Unternehmen für Kryptowährungsdatenanalyse und Marktforschung, bestätigt hier, dass ein solcher Rückgang möglicherweise nicht eintritt. Ihre Studie zeigt, dass es eine 77% ige Chance gibt, dass BTC innerhalb der nächsten Woche bei 10.000 USD handelt.

Da die Bitcoin-Futures der Chicago Mercantile Exchange nicht am Wochenende gehandelt werden, bilden sich normalerweise jeden Montagmorgen „Lücken“ in den Charts. Der Krypto-Markt ist rund um die Uhr geöffnet, was bedeutet, dass vom CME-Schließen am Freitag bis zum Öffnen am Montagmorgen Volatilität auftreten kann, die solche Lücken schafft.

Gerade heute hat Bitcoin eine Rekordlücke von 1.265 USD gebildet, wie ein Top-Trader feststellte. Dies wurde gebildet, weil die Preisaktion am Freitag an der Börse bei ~ 10.000 USD schloss, während die Preisaktion am Montag bei 8.785 USD eröffnete.

Diagramm von @HsakaTrades (Twitter-Handle) aller Bitcoin CME-Futures-Lücken von 500 USD im vergangenen Jahr.

Laut einer Marktstudie ist dies ein potenziell bullisches Zeichen für den Bitcoin-Markt

Das Krypto-Forschungsunternehmen Market Science, das am 30. Dezember letzten Jahres veröffentlicht wurde, stellte fest, dass 77% der CME-Lücken gefüllt sind, was bedeutet, dass der Preis jeden Teil der Lücke „in der folgenden Woche“ berührt, nachdem sich die Lücke gebildet hat.

Obwohl die historischen Daten solide sind, ist es wichtig zu beachten, dass die soeben gebildete Lücke die größte CME-Lücke ist, die Bitcoin je hatte. Dies kann die aktuelle Lücke zu einem statistischen Ausreißer machen, der durch die Studie möglicherweise nicht eingeschränkt wird.

Andere Anzeichen einer bullischen Umkehrung

Die Lücke ist nicht das einzige Anzeichen dafür, dass Bitcoin eine zinsbullische Umkehr erfahren wird, schlagen Analysten vor.

Ein beliebter Händler teilte die folgende Grafik mit, was darauf hinweist, dass es bemerkenswerte Ähnlichkeiten zwischen der Preisbewegung von Bitcoin für das gesamte Jahr 2020 und der der letzten drei Tage gibt: Beide Perioden haben eine vierphasige Verteilungsspitze, einen Kapitulationscrash und dann eine rasche Erholung von der Tiefs.

Das Fraktal spielt sich vollständig ab, schlug der Händler vor, was dazu führen wird, dass BTC in den kommenden zwei bis drei Tagen wieder auf 10.000 US-Dollar zurückkehrt.

Bitcoin Preis Fraktal

Chart von @Yodaskk (Twitter-Handle), einem beliebten Krypto-Händler. Die Charta zeigt, dass es unheimliche Ähnlichkeiten zwischen dem jüngsten Absturz von Bitcoin und dem Absturz im März gibt. Dieses Fraktal sagt voraus, dass BTC bald in Richtung 10.000 USD zurückkehren könnte.

Es gibt auch die Tatsache, dass der Crash am Sonntag, wie Aayush Jindal von NewsBTC berichtete, bei 8.100 USD aufhörte – eine wichtige technische Ebene, die als Wendepunkt für den Markt dient.