"Time Preference”- 32nd Edition
1) # Full nodes (reachable) - 15,407 (-3.13%)
2) # LN nodes - 13,781 (+0.14%)
3) LN capacity (BTC) - 4,981 (+0.63%)
4) BTC addresses > 1M sats - 12.60M (-0.15%)
5) BTC addresses > 10M sats - 4.57M (-0.05%)
6) BTC addresses > 100M sats - 1.020M (+0.00%)
7) Hashrate (EH/s) - 556 (-1.94%)
8) Price - $42,570 (+1.29%) (Sunday close)
9 Price/Hashrate - 77 (+3.30%)
10) Michigan businesses accepting BTC (btcmap.org) - 15 (-16.67%)
11) Routing Events - 577 (+194.39%)
12) Routing Sats - 1,379 (+198.48%)
* % change figures from prev.
Happy Monday, we're enjoying like the 4th day in a row of sunshine here in West Michigan. It's rare this time of year so am going to make sure I take advantage of it outside today.
Full nodes drop again for the 4th straight week! We're at the lowest level since I've been doing this well over half a year ago, now down almost 15% since ETF launch. Anyone know what's going on here? #asknostr
Not a lot else to speak of but I think the above is an important metric to continue monitoring. The LN nodes and capacity stats have barely moved from #mempool.space in like well over a month, not sure what's going on there but I don't really trust those numbers right now. Routing activity volatility continues, both fees and events over doubled from the previous week. No clue as to how or why these stats move the way they do but I guess it's fun to monitor.
I'm a little cautious here on price action at least through the halving. We can't seem to get back over the $43k mark decisively and quite honestly need a couple months of consolidation in my opinion. Plus, the USD and interest rates are quite honestly scaring the shit out of me right now. Long term, nothing changes but short term we know a strong dollar an increase in rates are not friends of any commodity, especially the orange coin. Let's see. (queue a run up to $70k now that I've said that???)
Have a great week!
#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️
