therationalroot's avatar
therationalroot
therationalroot@nostr.directory
npub1r00t...sqe8
#Bitcoin on-chain & cycle analysis. Signal only. Follow the carrot down the rabbit hole.
We're in the "Are the ETFs and Halving priced in" phase. #Bitcoin image
Bitcoin's 15-Year Anniversary! Only one higher close (by a small margin). image
What's the most likely inflow of capital into Bitcoin? $300B, 1% of combined AUM from ETFs. $800B, equal in size to the current Market Cap. $1.7T, 1% of global highly liquid capital. #Bitcoin 🧵 image
The current rally — over 0.5 standard deviations from the short-term holder cost basis — is comparable to other pre-halving rallies (marked by blue arrows). #Bitcoin 🧵 image
Once again, #Bitcoin back at fair value preceding the Halving. 🧵 image
The setup for current price level is a lot different from the previous bull market (end of 2020). #Bitcoin image