Illiquid supply ‘going up relentlessly’ — 5 things to watch in Bitcoin this week By Cointelegraph

Illiquid supply ‘going up relentlessly’ — 5 things to watch in Bitcoin this week
© Reuters.

(BTC) is starting the final week of January in a place no one wanted but many warned about — a 50% drawdown from all-time highs.

A flight to $34,000 means that is now down by half in just two months, and perhaps naturally, concerns are that the losses could continue.

futures 1-day candle chart. Source: TradingView
Bitcoin monthly RSI vs. BTC/USD annotated chart. Source: Matthew Hyland/Twitter
Bitcoin production cost vs. BTC/USD chart. Source: Venturefounder/Twitter
Bitcoin illiquid supply vs. BTC/USD annotated chart. Source: Lex Moskovski/Twitter
Crypto Fear & Greed Index (screenshot). Source:

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