The Bitcoin market has reached a stage of extreme apathy and exhaustion, with volatility measures and several key on-chain indicators reaching all-time-low readings. With the market being somewhat top-heavy, we assess how investors are responding to the boredom.


In the latest Week On-chain edition, we assess:
- The digital asset market which continues trading within a historically low volatility regime, with several metrics indicating extreme apathy and exhaustion has been reached in the $29k to $30k range.
- There are some indicators that the market is slightly ‘top-heavy’ as indicated by the concentration of Short-Term Holder supply and cost basis around the current spot price.
- We explore several new iterations of SOPR by age band as a tool to monitor profit taking behavior by various cross sections of the market.

In our video WoC report, we also deep dive into how we can use the concept of Hot Supply and Single Cycle HODLers to track profit taking behavior during uptrends and rallies.