The SEC crackdown on crypto caused bitcoin to temporarily decorrelate from the S&P500, BlackRock filing for an ETF countered that negative sentiment. 🧵
therationalroot
therationalroot@nostr.directory
npub1r00t...sqe8
#Bitcoin on-chain & cycle analysis. Signal only.
Follow the carrot down the rabbit hole.
On-chain value map. #Bitcoin
One godly candle and sentiment through the roof.
A reminder that on-chain demand still remains low, as is normal in this phase of the cycle, but perhaps a reason to temper your expectations.
310 days until the Halving! #Bitcoin
Halving progress 78%. #Bitcoin
320 days until the Halving. #Bitcoin 🧵
You need to increase your after-tax cash flow by over 7.1% a year just to keep up with average US Dollar inflation.
Investing in S&P 500 only gives an annual 2.7% real return after adjusting for US Dollar inflation. There is obviously a lot of risk involved to pursue that 2.7%.
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News events might make you feel like "this is going nowhere". Don't get distracted, focus on the bigger picture. #Bitcoin
After yesterday’s spike to 25.3k we bounced right back above the STH cost basis. While we currently remain above it — which is necessary for sustaining a bullish trend— the truth is that in this phase of the cycle we also have seen #Bitcoin fall below for a brief period.
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#Bitcoin finding support on the Short-Term Holder cost basis.
Discussing current conditions & near-term forecast. #Bitcoin
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Bitcoin Price Forecast
Global Liquidity, On-Chain: Supply & Demand
Unfortunately global liquidity isn't the most favorable yet. #Bitcoin
Halving progress 77%. #Bitcoin
#Bitcoin and #SPX keep moving in tandem.
(charts 🧵)
#Bitcoin value map 👇
#Bitcoin vs. #SPX500, 40-Day Correlation. Since 3rd Halving we spent almost the entire time in green zone (positive correlation).
I see messages doing the rounds of Supply not moved in 1 year+ hitting a new ATH. While this is true, it's worth pointing out that the change (black line) already peaked at the price bottom formation. Similar situation as in early 2016. #Bitcoin
Bitcoin 2023 🙌
I'll be speaking on the Enterprise Stage at 1:50 pm. Excited to see you there!
#Bitcoin #Onchain #Miami
Halving progress 76%. #Bitcoin
Update. #Bitcoin
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