According to OKX market data, on February 8th, Bitcoin rose and broke through $45,000, currently priced at $45,150, with a 24-hour increase of 4.43%.

On-chain data provides both investors and analysts with a plethora of new tools to diagnose and assess the state of the chain from a multitude of viewpoints. In this article, we produce a new framework for assessing the degree of market risk across various data categories.

The Bitcoin scalability landscape has long been dependent on solutions that move security and demand off-chain, off-Bitcoin. Citrea is set to change this reality by scaling Bitcoin in its entirety with zero-knowledge proofs, ensuring on-chain verifiability and data availability within the Bitcoin network. This approach makes Citrea the first scaling solution to enable more complex applications without compromising Bitcoin security and changing its consensus rules.

An analysis of historical Bitcoin Core node versions to examine the updating behavior of node operators over the years.

On-chain data provides analysts and investors with a remarkable degree of transparency into the performance, adoption, and investor positioning within digital assets. In this piece, we highlighted several approaches and frameworks for assessing market momentum across various data categories.

1. Ripple payment service "Ripple Payments" plans to return to the US market and launch targeted solutions

The Bitcoin ecological composability DID protocol BRC-137 announced the completion of a $2.5 million seed round financing. The round was participated by institutions such as Basics Capital, DFG, Gate Labs, JSquare, etc. The funds will be used to accelerate the development and improvement of the protocol and ecological growth, to achieve a native social universe of the Bitcoin ecosystem.According to the BRC-137 white paper, BRC-137 aims to build a more diverse DID ecosystem by introducing composable prefixes and suffixes while enhancing asset liquidity.In addition, the protocol also introduces a royalty mechanism to promote the development and innovation of on-chain social patterns.

BounceBit website shows that the Bitcoin collateral chain BounceBit currently has a TVL of over 72.8 million US dollars, of which the amount of BTC collateral is over 46.2 million US dollars.

Bloomberg data shows that WisdomTree lags behind other issuers in terms of inflows into Bitcoin spot ETFs. Jarrett Lilien, WisdomTree's chief operating officer, said the company's consumer application provides a better way to hold Bitcoin than ETFs. He said, "We are confident in our ability and record in managing assets in growth, which does take time, especially in our ETF model, as these products are not yet available on many advisor platforms, and we hope to see most of the flow on these platforms."

Matrixport released its latest research report, which points out that in January 2024, Bitcoin's positive return rate is +1.1%. According to the regression model, it is expected that Bitcoin may rise by 65% for the rest of this year, and the price of Bitcoin may climb to $70,000. Matrixport previously pointed out that the price of Bitcoin is greatly affected by changes in interest rate expectations. Given that the Federal Reserve may cut interest rates in 2024, the price of Bitcoin is expected to rise. According to the report of Matrix on Target on October 28, 2022, the ideal time to buy is 14-15 months before the halving, because Bitcoin usually enters a bear market 6 to 12 months after the halving. Although the halving occurs once every four years, the cycle is about 3.5 years, and the peak of the fifth bull market is expected to occur in 2025.