Bitcoin Network Strength Growing Despite Prolonged Price Slump
• 63% of Bitcoin's realized cap hasn't moved in over 6 months, far below previous cycle tops of 15%, 5%, and 5%
• Bitcoin currently has 3x the hash rate compared to same price point in 2021, indicating stronger network/security
• 18,000 BTC recently moved from Coinbase to non-exchange addresses, likely custodial wallets
• Metrics indicate there's still a "long way to go" before Bitcoin hits its cyclical top
• Bitcoin is up over 5% past week and 18% year-to-date, currently trading at $52,205