therationalroot's avatar
therationalroot
therationalroot@nostr.directory
npub1r00t...sqe8
#Bitcoin on-chain & cycle analysis. Signal only. Follow the carrot down the rabbit hole.
The setup for current price level is a lot different from the previous bull market (end of 2020). #Bitcoin image
38k level, in terms of standard deviations, is the same as in March and April earlier this year. #Bitcoin image
Monitoring Binance, ✅. "Concerns about market manipulation have historically hindered [an ETF] approval. The SEC's requirements for robust market surveillance remain a significant hurdle…With Binance facing legal challenges and lawsuits by the SEC and accounting for a substantial trading volume..." — Last week's Bitcoin Strategy newsletter. 👇
69%, an all-time high, of the Bitcoin supply hasn't been active for over a year. 🙌 image
I am thrilled to share with you a deep dive into the best #Bitcoin charts, several animated! 🔥 Topics discussed: -Market Edge: On-chain Analysis -Bitcoin Cheat Sheet: the Psychology of the Market -The 4-Year Cycle: Where do we stand? -Supply Distribution: Resistance levels -ATH in LTH Supply and Cost Basis insights -HODL’er behavior: Illiquid vs. LTH Supply -inflection point at 3rd Halving -Available Supply & Paper Bitcoin A big shoutout to @Kellykellam from BitLab Academy for hosting this! Link to full interview here: 👉 image
HODL'er behavior is very similar to previous cycles! Looking at the change of the Long-Term Holder cost basis on a 90-day basis, which gives us a macro signal, their cost basis is rising. image
My #Bitcoin Amsterdam Presentation is now LIVE! On-Chain & Cycle Analysis: 🥕 Supply Dynamics 🥕 Psychology of the Market Cycle You DON'T want to miss this one! 👇🧡
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 image
During this re-accumulation phase, nearly a quarter of Bitcoin’s supply nestled within the consolidation range before Bitcoin took off. image
Ever wondered where and when people buy their Bitcoin? Around 24% of Bitcoin’s supply has been traded proximate to current price levels. Predominant psychological intervals are apparent at approximately 10k steps: 17k, 27k, 38k, 47k, and 57k. Those seem like key milestones for a lot of buyers. Read more in this week's report. image