According to data from TheBlock, as reported by Jinse Finance, the active supply of Bitcoin and Ethereum in the past year has reached a historic low. Between March 2017 and 2018, more than 59% of Bitcoin's supply was active. However, in the past year, only 30.12% of Bitcoin's supply changed hands. Ethereum saw more than 86% of its supply change hands between July 2016 and 2017, but last year only 39.15% of its supply changed hands, also setting a historic low. For Bitcoin, the historic low in active supply is usually before the block issuance reward is halved, which is expected to happen in 155 days (April 24, 2020).

Software security expert and founder of a startup company, JW Weatherman, stated on social media that why do all JPEG transactions simultaneously impact Bitcoin? It crazily drives up the fees, and if they spread things out over a few weeks, they could save millions of dollars. Because raising fees is the only purpose. This is a covert spam attack. There is no demand for BTC JPEG.

According to Whale Alert monitoring, 1,052 BTC (approximately $39,303,560) was transferred from Bitfinex to an unknown wallet.

According to CryptoFees data, from November 16th to 18th, the daily average fee for Bitcoin was $10.65 million, exceeding Ethereum's average fee of $6.9 million during the same period. According to BitInfoCharts data, since the beginning of this month, the average transaction fee for Bitcoin has significantly increased, rising by more than 1,000%, and reaching a peak of $18.67 on November 16th. This surge reflects the market's optimism about the possible approval of a Bitcoin exchange-traded fund (ETF) in the United States. (Beincrypto)

On November 20th, Bitcoin supporter Javier Milei finally won the Argentine presidential election. It is reported that Javier Milei has made relevant statements in public interviews many times. One of his important goals after being elected president is to prevent the inflation of the Argentine peso and the continuous reduction of people's wealth. Milei is trying to abolish the peso and the central bank and use the US dollar as the legal currency.

CryptoFees data shows that from November 16th to 18th, the average daily fee for Bitcoin was $10.65 million, exceeding Ethereum's average fee of $6.9 million during the same period. According to BitInfoCharts data, since the beginning of this month, Bitcoin's average transaction fee has significantly increased, rising by more than 1,000% and reaching a peak of $18.67 on November 16th. This surge reflects the market's optimistic sentiment towards the approval of the US spot Bitcoin exchange-traded fund (ETF).

Bitcoin Magazine posted on social media that election betting odds show that Bitcoin-friendly candidate Javier Milei has a 63% chance of winning the Argentine presidential election.

It was revealed by the official Binance Twitter account that "Satoshi Nakamoto" first registered on BitcoinTalk on November 19, 2009, 14 years ago this year. The information shows that "Satoshi Nakamoto" held the title of founder and was last active on December 13, 2010. In a post on July 28, 2010, "Satoshi Nakamoto" said a sentence that has since been widely circulated: "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

A spokesperson for the cryptocurrency options trading platform Deribit stated that earlier this week, the notional value of outstanding Bitcoin options contracts on the platform reached a historical record of approximately $14.9 billion. This number surpassed the $14.4 billion achieved before Bitcoin hit a high of nearly $69,000 in October 2021. Outstanding contracts refer to unsettled and open contracts.<br>Deribit data shows that as of the end of December, most bullish options bets on Bitcoin had reached a price of $40,000, and even $45,000. Given that traders selling bullish options are willing to accept bets from the other side, this indicates that $40,000 may become a key testing area for Bitcoin's rebound.<br>In addition, Coinglass data shows that the outstanding Bitcoin futures contracts on the Chicago Mercantile Exchange (CME) reached $4 billion on Friday, while Binance was at $3.8 billion.

According to CryptoFees statistics, on November 16th, the fees for Bitcoin blockchain payments reached $11.6 million. As of the time of writing, YCharts data shows that the average transaction fee is $18.69, an increase of 113% from the previous day and an increase of 746% from the same period last year.