My Three Burners Theory of #bitcoin bull market price action.

Burner #1: Liquidity

Current setting: Medium

Burner #2: Economy

Current setting: Low (but starting to rise? ... watch ISM data)

Burner #3: Leverage

Current setting: Low

OPINION:

We won't see an exponential move (ie, a "blow-off top") until all three burners are on High.

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Discussion

seems odd that the burners are low-medium for bitcoin but alts are ripping. i would have expected alts to need all those burners even hotter to rip

🔥🔥🔥

Can you elaborate more on leverage

What is it and when it was high

What metrics can we use to gauge current levels of leverage in the market?

In terms of indicators, I think BTC/Gold through the highs could be indicative of a stronger BTC rally that we have seen.

BREAKING: Burner #2 turned off... a downside surprise. 👀

ISM Manufacturing PMI slides to 48.0 (vs 49.5 consensus and 49.0 prior month).

nostr:nevent1qvzqqqqqqypzpduedsvruqmd7fuq99zmszaaezct7kt3ke3p4p4lx45uxvs30uraqyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcpz9mhxue69uhkummnw3ezuamfdejj7qpqcl4j3stjaex772ncc9ufnmhhj8sm46er2r29fh8su9ksch4n9w2qaetwpq

Few understand that multiple forward indicators strongly suggest that the US economy is quickly heating up... after 3+ years of simply muddling along.

Said another way, Burner #2 is finally about to turn on and contribute to bitcoin price action in the coming months.

This insight--along with a fresh Fed (dovish) pivot as of August 22, 2025--is generally quite constructive for #bitcoin and select risk assets, while conditions last.

Take it or leave it.

Regardless... onward and upward. ⚡

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