This week's newsletter: #Bitcoin Double catalyst — Spot ETF and Halving combination. ✍️ Spot ETF third deadline, 15 January '24 ✍️ Spot ETF final deadline, 15 March '24 🔥 Halving, 21 April '24

Halving progress 87%. #Bitcoin

Bitcoin vs. Gold In both gold and Bitcoin, the concept of paper or synthetic assets affecting the spot price is a concern. However, a critical distinction between the two lies in the area of verifiability. While both futures and spot ETFs for Bitcoin and gold share the common feature of often lacking an actual underlying asset, the two diverge significantly when it comes to the capability for transparent verification of those assets. In the world of gold, the lack of easy verifiability tends to make spot ETFs more susceptible to becoming fractional reserves. That is, the real, physical gold that's supposed to back the paper might not fully exist, making the system less transparent and reliable. Bitcoin, by contrast, offers the benefit of higher verifiability and proof of reserves, which substantially mitigates the risk of fractional reserve practices.

Avg. Exchange Price vs. UTXO Price Bitcoin's price using only on-chain data, eliminating the need for third-party involvement. UTXOracle by Steve

The Bitcoin Halving Cycle.

69% by the Halving? #Bitcoin dominance.

In between previous cycles. #Bitcoin

Nearing an ATH in Long-Term Holder Supply! #Bitcoin

Halving progress 84%. #Bitcoin

We're literally in the stagnation phase 🤷‍♂️ #Bitcoin

House prices at 5.6x median household income vs. 3x in 1985. Play fiat games, win fiat prizes.

#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

Halving progress 82%. #Bitcoin

The 4-year cycle is on point! Each cycle consists of 3 phases. 🧵 #Bitcoin

Right on track in the cycle! #Bitcoin

What happened at the 3rd Halving? The gap is closing. #Bitcoin

WTF happened to exchanges? #Bitcoin

The SEC crackdown on crypto caused bitcoin to temporarily decorrelate from the S&P500, BlackRock filing for an ETF countered that negative sentiment. 🧵

320 days until the Halving. #Bitcoin 🧵

Halving progress 76%. #Bitcoin