Continued from Part 1.
Another way to illustrate this effect is to look at the ratio of a long-term supply band over a short-term band. The following chart shows the ratio of supply held for 1-2 years over supply held for 7-30 days. The ratio has historically peaked during periods where price is decreasing or going sideways and hit lows as price peaks. Currently the ratio is at levels similar to January 2016.Â
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F4eb9c657-69be-4ac1-ade1-205d0dd54e84_1200x728.png)
The percent of BTC supply held for at least 1 year continues to grow and has had a significant uptick since the March 12th crash. As of September 30th, over 63% of the total BTC supply has been held for at least a year, which is the highest level since 2012.Â
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5b607f2e-7a4d-49aa-a590-1d8e6ca78671_1200x692.png)
Simultaneously, the number of addresses holding at least 0.1 BTC has also had a noticeable uptick since March. This suggests that more users may be joining the network as HODLing increases.Â
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F038dd2f0-5e4b-4e1c-92ea-973ab2033261_1200x692.png)
⑤ Cosmos
Contributor: Griffin Anderson
Ethermint v0.1.0 has been released. A scalable, high-throughput PoS blockchain, fully compatible and interoperable with Ethereum Smart Contracts. (Source: Ethermint Documentation). The repo has already grown to 140 stars and 235 forks. Â
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6f0e048d-9e57-4b66-b28b-c1797f94caf5_1262x356.png)
Binance became the #1 validator on Cosmos Hub with 7.27% of voting power. Community members are noticing a consolidation of voting power among centralized crypto exchanges and top validators. (Source: Cosmo Scan)
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe7c5feb2-1db5-43df-b5cc-3c1b20283c6b_990x466.png)
The Bonded rate of ATOM’s rose from 63.8% to 63.9%, while inflation rate remained at 7%. As of Oct. 1st, 2.4M ATOM’s are delegated and daily transactions are around 4k+.Â
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd4b9b25e-d190-490f-9c7a-c7db5e8f0e71_780x410.png)
The Cosmos Community is also experiencing its own explosion of DeFi activity, as projects look to replicate the success of popular DeFi dApps on other networks. (Source: @hu_zhiwei)
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F4456f528-83a4-45b5-bd52-30df5dd43772_1600x790.png)