🐄 📉 On-Chain Data is Anemic BUT Race is ON!

👋 JOIN THE FAMILY: http://www.patreon.com/investanswers 📈 IA MODELS: http://www.investanswers.io 🧠 FREE INVESTOR PROFILER QUIZ: https://investor-profiler.investanswers.io 📬 IA NEWSLETTER: https://investanswers.substack.com 🪙 IA CRYPTO COMPENDIUM: http://investanswers.io/crypto-compendium ⚙️ IA SCP Profiler: http://investanswers.io/scp-profiler 🌐 TradingView Referral: https://www.tradingview.com/?aff_id=27663 DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions. 0:00 - 1:00 - Crypto Market F&G 1:01 - 2:00 - Stock Market F&G 2:01 - 3:00 - BTC Adoption Faster Than Internet - Meanwhile… 3:01 - 4:00 - Bitcoin Activity has declined - lowest in 12 Mths 4:01 - 5:00 - The activity on the Bitcoin network has declined to the lowest level in a year. CryptoQuant’s Bitcoin Network Activity Index indicates that activity is 15% down since November 2024’s record high. The index is now at 3,760, the lowest level since February 2024. 5:01 - 6:00 - Activity has decreased primarily due to a sharp decline in the number of transactions. The total daily number of transactions is 346K today, down 53% from an all-time high of 734K in September 2024. 6:01 - 7:00 - The decline in Bitcoin’s network activity can be mostly explained by the collapse in the use of the RUNES protocol to mint tokens on the Bitcoin network. This is evident in the total daily number of OP RETURN codes in Bitcoin transactions, which the RUNES protocol uses to write data about token mints and transfers on the network. When the RUNES protocol emerged in April 2024, the daily number of OP RETURN codes spiked to 802K. However, the number of OP RETURN code has plummeted since, with only 10K OP RETURN codes used. 7:01 - 8:00 - Low network activity is also evident in the Bitcoin mempool which is nearly empty. The total amount of transactions waiting in the mempool to be included in a block has plummeted from 287K in December 2024 to just 3K today, a 99% decline. The mempool had not been this empty since March 2022. 8:01 - 9:00 - From a network activity perspective, the fair value of Bitcoin stands between $48K-$95K (red and blue Metcalfe valuation bands). At a current price of $99k, Bitcoin seems to be overvalued considering that it has traded between the red and blue Metcalfe Valuation Bands since February 2024. 9:01 - 10:00 - Bitcoin’s Metcalfe Valuation Bands 10:01 - 11:00 - Now 21 Bitcoin States of America 11:01 - 12:00 - Utah Fast Track - Will Be First 12:01 - 13:00 - Shake and Bake 13:01 - 14:00 - FL: 14th largest economy in the world Files 14:01 - 15:00 - Shout out to G DI 15:01 - 16:00 - US SBRs - Here Comes Maryland 16:01 - 17:00 - The Kentucky Derby is on! Utah in the lead 17:01 - 18:00 - MSTR Sharpe Ratio 18:01 - 19:00 - Numbers don’t lie—Bitcoin as a corporate treasury asset is an undeniable advantage. With a Sharpe ratio of 5.38, @Strategy is lapping competitors like Tesla (1.74), Meta (1.73), and Nvidia (1.41) on risk-adjusted returns. 19:01 - 20:00 - This is the power of the #Bitcoin Standard👇 20:01 - 21:00 - And Winners are Following 21:01 - 22:00 - History Time - Wen 25 BTC was for Participation Prize 22:01 - 23:00 - Tornado Cash Founder Released 23:01 - 24:00 - ETH is Back… to Being Inflationary