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therationalroot
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#Bitcoin on-chain & cycle analysis. Signal only. Follow the carrot down the rabbit hole.

Happy 17th Anniversary! #Bitcoin

Bitcoin is severely undervalued, similar to the COVID crash. #Bitcoin

Bitcoin is crashing! (Below key levels… again.) #Bitcoin

On-chain value map. #Bitcoin

Above the STH cost basis. #Bitcoin

12-month RSI of Gold vs. Bitcoin. Gold in mania territory. #Bitcoin

Yes, we had a major deleveraging event and it affected the #Bitcoin price. But would you rather hold dollars or euros in the long term?

EUR

Low: 930 sats β†’ Now: 1049 sats

USD

Low: 793 sats β†’ Now: 899 sats

In euros, the recent low was the first one since Jan 20th of this year, and we’re again fighting the 1,000 sats per EUR level.

In dollars, we already had several lows, and are approaching 500 sats per USD even faster.

If you're worried about current price action (orange area), you might want to zoom out. This chart is only 2 years of data.

The biggest liquidation event became a reversal to the STH cost basis. #Bitcoin

We're in the most bullish quarter of the 4-year cycle. #Bitcoin

Last week’s ETF inflows were the highest in 22 weeks, 8.8x the new supply issuance. #Bitcoin

STH Supply keeps rising. #Bitcoin

Continuing in the channel. #Bitcoin

Halving progress 35%. #Bitcoin

Bouncing off the STH cost basis at ~$109K. #Bitcoin

Short-Term Holder cost basis at $108.5k. #Bitcoin

The quadrant of ATHs. #Bitcoin

STH cost basis at $99k. #Bitcoin

Halving progress 30%. #Bitcoin