Quick Take One year after the de-pegging of UST, it continued to lose its peg against the dollar. We also got the infamous tweet from Do Kown:  “Steady Lads, deploying more Capital.” During this period for the next month, Bitcoin continued to break lower until it found a bottom in June around $19,000 – $20,000. As we start to see, the cohort supply was last active 1+ years ago; this cohort bought within this time frame and has held through this turbulent period. Currently, 68% of the supply would be under this cohort, but we expect this number at the end of May and June to be higher and potentially make new all-time highs. Supply Last Active: (Source: Glassnode) Price: (Source: Glassnode)

The post Luna collapse one year on, what can we learn from on-chain? appeared first on CryptoSlate.

134 +