This account is no longer active. For LongHash Ventures please go to @LongHashVC.
US and Asia
Joined May 2018
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LongHash Data retweeted
Data shows that there are currently 6,906 digital currency-related companies in China, including 585 newly registered companies in 2020 with 99% YoY growth rate. Only 23% of companies are state-owned.
LongHash Data retweeted
If you would like something shorter to read, here's an article (also 2018) I wrote for the crew at @longhashdata on why crypto is not the best money laundering avenue for crims: longhash.com/en/news/2259/Wh…
#FightFinancialCrime #NoMoneyForTerror
LongHash Data retweeted
The next rising altcoin is increasingly going to originate from China. #alts #trading #keepaneyeopen
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Bitcoin is likely on the path for a bigger rally.
Most overleveraged longs were flushed on the recent dip to $21.9k.
Altcoins are dropping hard and Bitcoin is rising—it means investors are seeking safety in Bitcoin in the interim.
Mass liquidations and overheated futures market caused Bitcoin to see a large dip to $21.9k.
But there are many reasons why $BTC is still on the path for a broader rally. Analysis: longhash.com/en/news/3416/Fo…
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One very positive trend Bitcoin has been seeing is aggressive dip-buying after a major correction.
At $16ks, both Deribit and Coinbase saw $BTC go from weak hands to strong hands.
In the near term, this would likely prevent a deep correction.
longhash.com/en/news/3411/Op…
LongHash Data retweeted
The price of Bitcoin dropped quite a bit in the last 48 hours after hitting $19.4k.
But most on-chain data show that the rally was organic and there was actual big buyer demand.
Stablecoin inflow, short-term holder MVRV, realized price, and sender address activity.
The price of Bitcoin has plunged in the past 24 hours, dropping to $16,200.
But most on-chain data points show the rally has been fueled by organic and real buyers, which is different from the previous run up to $20,000 in 2017.
longhash.com/en/news/3406/Wh…
LongHash Data retweeted
Bitcoin's current rally checks all the boxes.
Rising on-chain activity, rising institutional volume, high time frame chart breakout, and explosive volume trends.
Good times!
#Bitcoin mid-term bullish outlook is intact.
- On-chain activity is rising
- Institutional volume is growing
- High time frame charts show a breakout
- Overall $BTC volume trends show optimism
longhash.com/en/news/3402/On…
LongHash Data retweeted
With ETH 2.0 tentative for December, DeFi recovering, ETH surging past $440, and ETH/BTC recovering, I think the outlook of Ethereum after a Bitcoin rally is becoming more positive
Ethereum is finally starting to show signs of recovery. Four reasons are backing the $ETH rally.
1. ETH 2.0
2. DeFi rebound
3. Favorable monthly technical structure
4. ETH/BTC pair recovering
longhash.com/en/news/3400/Et… @iamjosephyoung
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Public companies in the U.S. now own $10 billion worth of Bitcoin.
This is a staggering amount. In the long term, this will cause a supply and a sell-side crisis as the perception of Bitcoin as a store of value increases.
Almost scary the pace of Bitcoin's growth.
Public companies in the U.S. own a staggering $10 billion worth of #Bitcoin.
There are more positives than negatives. Namely, it causes a shortage of BTC supply.
But there are long-term negatives as well. Here is a review of the pros and cons. longhash.com/en/news/3396/U.…
LongHash Data retweeted
In China, private capital is very active in the blockchain sector. According to October data, small and medium-sized blockchain companies — with registered capital of less than 5 million yuan (about $735,000) — accounted for 46% of the industry. cc @mattysino
LongHash Data retweeted
Ethereum transaction fees are at unsuitable levels for many. Users have shared stories of them paying $10+ for interactions on the network. High fees, say some of ETH's proponents, increase the risk of ETH being "dethroned"
My latest for @longhashdata:
longhash.com/en/news/3373/Et…
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When Bitcoin hit its peak ($20,000), Grayscale said 56% of investments came from institutional investors.
In Q1 2020, Grayscale said 88% of its investments came from institutions.
Bitcoin is down 53% from ATH, but institutional activity is much higher.
longhash.com/en/news/3368/Bi…
LongHash Data retweeted
I think one of the biggest trends in Bitcoin in 2020 is the options market's explosive growth.
Mainly Deribit & CME's open interest are expanding rapidly.
BTC's resilience in June compared to previous price cycles coincide with options market growth.
longhash.com/en/news/3365/Ex…
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The Grayscale Ethereum Trust has quickly become an alternative way for investors to gain exposure to ETH. But there is a heavy premium: It costs more than $2,000 to buy one ETH through Grayscale longhash.com/en/news/3361/It… Analysis by @_Nick_Chong
LongHash Data retweeted
China is an important cryptocurrency market, but its environment is very unique. Why do some tokens do better than others there? Our new report provides background on 20 major digital currencies and their reception in China longhash.com/en/news/3360/A-… @mattysino
LongHash Data retweeted
Last week, secondary market buyers of Grayscale's $ETHE paid around $2,500 to gain exposure to one Ethereum. That's a premium of 1,000%.
More in my latest for @longhashdata:
longhash.com/en/news/3361/It…
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China has 82.8 thousand registered blockchain companies of which only 28.6k are operating
Majority of companies where founded during 2018-2019
data : @longhashdata
LongHash Data retweeted
Great analysis
China is an important cryptocurrency market, but its environment is very unique. Why do some tokens do better than others there? Our new report provides background on 20 major digital currencies and their reception in China longhash.com/en/news/3360/A-… @mattysino
LongHash Data retweeted
More payments are happening on the Bitcoin network, and at a lower cost. Potential reasons include SegWit, improved fee estimation in Bitcoin wallets, and batching longhash.com/en/news/3355/Bi…