Bitcoin

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>One year after the de-pegging of UST, it continued to lose its peg against the dollar.</li>
<li>We also got the infamous tweet from Do Kown:  &#8220;Steady Lads, deploying more Capital.&#8221;</li>
<li>During this period for the next month, Bitcoin continued to break lower until it found a bottom in June around $19,000 &#8211; $20,000.</li>
<li>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.</li>
<li>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.</li>
</ul>
<figure id="attachment_323695" aria-describedby="caption-attachment-323695" style="width: 1800px" class="wp-caption aligncenter"><img class="wp-image-323695 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/SLA.png" alt="Supply Last Active: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/SLA.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/05/SLA-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/SLA-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/SLA-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/SLA-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /><figcaption id="caption-attachment-323695" class="wp-caption-text">Supply Last Active: (Source: Glassnode)</figcaption></figure>
<figure id="attachment_323696" aria-describedby="caption-attachment-323696" style="width: 1323px" class="wp-caption aligncenter"><img class="wp-image-323696 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/price.png" alt="Price: (Source: Glassnode)" width="1323" height="738" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/price.png 1323w, https://cryptoslate.com/wp-content/uploads/2023/05/price-300x167.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/price-1024x571.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/price-768x428.png 768w" sizes="(max-width: 1323px) 100vw, 1323px" /><figcaption id="caption-attachment-323696" class="wp-caption-text">Price: (Source: Glassnode)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/luna-collapse-one-year-on-what-can-we-learn-from-on-chain/">Luna collapse one year on, what can we learn from on-chain?</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Luna collapse one year on, what can we learn from on-chain?

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