"Time Preference”- 34th Edition

1) # Full nodes (reachable) - 17,585 (-2.52%)

2) # LN nodes - 13,465 (-1.15%)

3) LN capacity (BTC) - 4,703 (-2.06%)

4) BTC addresses > 1M sats - 12.50M (-0.31%)

5) BTC addresses > 10M sats - 4.56M (-0.16%)

6) BTC addresses > 100M sats - 1.018M (-0.13%)

7) Hashrate (EH/s) - 554 (-5.14%)

8) Price - $52,130 (+7.90%) (Sunday close)

9 Price/Hashrate - 94 (+13.74%)

10) Michigan businesses accepting BTC (btcmap.org) - 16 (-11.11%)

11) Routing Events - 4,092 (+28.28%)

12) Routing Sats - 7,894 (+304.20%)

* % change figures from prev.

We’re back already after last week’s later report. At a real high level, nothing jumping out at me outside of the continuation in price and a little pullback in hashrate leading to a pretty good increase in the price / hashrate metric. Sitting just below 100 that’s the highest since the week of 12/10/23 before we started to chop around a bit. Let’s see what happens from here. Still very low historically speaking.

Address counts continue to drift lower. As does LN capacity and nodes. When will we get that increase again? Capacity has been pretty much down or flat since mid October but obviously price should have an impact on that as well, not as much BTC is required to move similar or more amounts of fiat.

Another good week of routing either a significant jump in fees earned. Keeping an eye on this as well.

Have a great week!

#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️