There are four main fundamental indicators I think about for tracking bitcoin adoption:

🔸HODL waves

🔸Hashrate

🔸Lightning network capacity

🔸Price / market cap

Hope you get some good insights out of this discussion! nostr:note1r82grk3uzkajeuls9v093s3t4s0sulptptwm0nh7q06qrn7yxjsqdulhl6