Diversification is for protecting wealth, concentration is for creating it.
Happy Easter! #Bitcoin
therationalroot
therationalroot@nostr.directory
npub1r00t...sqe8
#Bitcoin on-chain & cycle analysis. Signal only.
Follow the carrot down the rabbit hole.
55k Blocks until next Halving. #Bitcoin
Transfer volume in profit. #Bitcoin
Managing money in an account with 7 people that have equal rights.
I just signed a 3/7 multisig using nunchuk.io,
#Bitcoin is the future!
Halving progress 73%. #Bitcoin
Don't fight the trend. #Bitcoin
Looking forward to meet you next month at the Bitcoin 2023 Conference in Miami.
Going? Use code ROOT for 10% off 👊!
https://b.tc/conference/registration
Bullish cross of the Short-Term Holder cost basis back above the Long-Term Holder cost basis. #Bitcoin
#Bitcoin block height again made an ATH on this day!
#Bitcoin vs. major currencies
Supply Distribution with 2 bars that stand out. #Bitcoin
Where are we in the cycle? #Bitcoin
Realized Price — the average purchase price of #Bitcoin — is once again rising!
We measure this by looking at the 90 day change (to filter out noise) in Realized Price. We just flipped back positive (red circles).
Price at the Halving is historically at Fair value.
#Bitcoin On-chain Value Map:
#Bitcoin cycles
NEW INDICATOR: if we look at the distance of price from the Short-Term Holder cost basis, we can spot the orange trendline (bottom). We can then transfer this trendline back into the price chart currently providing a bottom of ~$15k and rising. #Bitcoin
#Bitcoin dominance vs. #Crypto (excl. stablecoins) went back over 50%. Can we get to 70% towards next halving?
#Bitcoin halving cycle comparison in block-time.
We fell through the Long-Term Holder cost basis,
but there is a major line of defence sitting just under 20k. #Bitcoin
The Short-Term Holders avg. purchase price crossed back above #Bitcoin's avg. purchase price.
