33333 blocks until the Halving.
#Bitcoin
therationalroot
therationalroot@nostr.directory
npub1r00t...sqe8
#Bitcoin on-chain & cycle analysis. Signal only.
Follow the carrot down the rabbit hole.
We're literally in the stagnation phase 🤷♂️
#Bitcoin
Seasonality: Today's date in previous cycles.
#Bitcoin
From Capitulation to Elevation: Zooming into the Long-Term Holder Cost Basis:
From Capitulation to Elevation: Zooming into the Long-Term Holder Cost Basis
Shifts in Holder Behavior Shape Bitcoin
#Bitcoin Halving Cycle.
House prices at 5.6x median household income vs. 3x in 1985. Play fiat games, win fiat prizes.
The Long-Term Holder cost basis made a new plateau every cycle. Zooming into that plateau is actually full of information. The decrease, observed by the 90-day change, is slowing down, indicating a repetition of past cycles. #Bitcoin 🧵
#Bitcoin broke down out of the compressed zone, floating freely in a phase of indecision, historically causing choppy sideways price action. 👇
A pivotal moment in the cycle
Change of the Short-Term Holder Volatility Trend
Each cycle during the year leading towards the Halving, highlighted in the chart below, #Bitcoin dipped below the Short-Term Holder average purchase price.
green = above STH cost basis, red = below. 🧵👇
A pivotal moment in the cycle for Bitcoin. 🧵👇
Bitcoin crashed.
Why have we been seeing the least volatile price action for Bitcoin? Read more here:
Bitcoin is Boring, Bitcoin Strategy isn’t.
The Re-Accumulation Phase
HODL'ers are relentless, 75% of all coins in circulation are Long-Term Holders, levels not seen since 2015. #Bitcoin
Strong start off the cycle bottom, now in re-accumulation mode. #Bitcoin
Halving progress 82%. #Bitcoin
Less than 38k blocks until next Halving. #Bitcoin
The alignment of cycle peaks and bottoms in Block Time is mind-blowing 🤯. 🧵
Bitcoin is right on track in the 4-year cycle, 7 months into the recovery phase. Read more about timing:
Timing
Bitcoin top in 2025?
Two bars that truly keep sticking out 😉
-Substantial supply moved at this range.
-Overall bottom-heavy market.
#Bitcoin
The 4-year cycle is on point!
Each cycle consists of 3 phases. 🧵
#Bitcoin
