Q3. #Bitcoin
therationalroot
therationalroot@nostr.directory
npub1r00t...sqe8
#Bitcoin on-chain & cycle analysis. Signal only.
Follow the carrot down the rabbit hole.
Repetition of last year's summer. #Bitcoin
4-Year Cycle. #Bitcoin
A pivotal moment for #Bitcoin.
STH cost basis at $63.8k. #Bitcoin
Halving progress 4%.
BlackRock flipped Grayscale in #BTC Holdings.
On-chain value map: heavy overvalued now at $130k and rising. #Bitcoin
The current situation best mimics the rallies of the 2nd Halving, both in price and MVRV score. #Bitcoin
Hopeful but calm everyone! #Bitcoin
The recent peak of capital net inflow to #Bitcoin is similar to early rallies of 2016: a peak followed by an intermission, with the price managing to stay above key levels like the STH cost basis.
Halving effect materializing. #Bitcoin
Read the latest Bitcoin Strategy newsletter, where we compare the current capital flow to the 2nd and 3rd Halving cycles.👇
The Institutions Are Here!
Market Update: Capital Flow
STH cost basis at an ATH of $60.7k and bounced off strong. #Bitcoin
New ATH for S&P 500. #Bitcoin 👀
Chart highlights the age of spent volume in the current drawdown:
-2020 bull market participants who held through the bear and are now locking in profits.
-Buyers from the 2022 bear market bottom now realizing substantial gains.
#Bitcoin
Cycle alignments. #Bitcoin
Halving progress 1%. #Bitcoin 
Due to the Halving, #Bitcoin's annual inflation will drop to ~0.8% over the coming year. Meanwhile, the M2 money supply will likely return to its 7% average.
ETFs Update: Net inflow 932 #BTC (69% lower than average since launch).
- Reduced outflows from Grayscale,
- Reduced inflows into other ETFs.
