While our seasonal behaviors are consistent on a cycle basis year-to-year, the Halving introduces slight shifts.
Read more in this week's newsletter 👇
Seasonality: Today's date in previous cycles.
#Bitcoin
From Capitulation to Elevation: Zooming into the Long-Term Holder Cost Basis:
https://www.bitcoinstrategyplatform.com/news/long-term-holder-cost-basis
#Bitcoin Halving Cycle.
House prices at 5.6x median household income vs. 3x in 1985. Play fiat games, win fiat prizes.
Read more in the latest Bitcoin Strategy newsletter:
https://www.bitcoinstrategyplatform.com/news/long-term-holder-cost-basis
The Long-Term Holder cost basis made a new plateau every cycle. Zooming into that plateau is actually full of information. The decrease, observed by the 90-day change, is slowing down, indicating a repetition of past cycles. #Bitcoin 🧵
#Bitcoin broke down out of the compressed zone, floating freely in a phase of indecision, historically causing choppy sideways price action. 👇
https://www.bitcoinstrategyplatform.com/news/a-pivotal-moment-in-the-cycle
We're at a pivotal moment in the cycle, we saw a change in STH Volatility. Bitcoin’s price broke free of a compressed zone and now floats freely in a phase of indecision, historically allowing for some time below the STH cost basis.
Read full report:
https://www.bitcoinstrategyplatform.com/news/a-pivotal-moment-in-the-cycle
Each cycle during the year leading towards the Halving, highlighted in the chart below, #Bitcoin dipped below the Short-Term Holder average purchase price.
green = above STH cost basis, red = below. 🧵👇
Read more in this week's newsletter: https://www.bitcoinstrategyplatform.com/news/a-pivotal-moment-in-the-cycle
A trendline can be observed for each cycle by looking at the volatility (distance) of price from the STH cost basis.
Volatility dampens and reaches a pivotal moment when the trendline goes above the STH cost basis.
A pivotal moment in the cycle for Bitcoin. 🧵👇
Should have been posted with image, somehow can't currently add image with iris or damus. https://twitter.com/therationalroot/status/1692653158902735270?s=20
Bitcoin crashed.
Why have we been seeing the least volatile price action for Bitcoin? Read more here:
https://www.bitcoinstrategyplatform.com/news/bitcoin-is-boring-bitcoin-strategy
Now 19.46 million, the end of 2015 was around 15 million.
HODL'ers are relentless, 75% of all coins in circulation are Long-Term Holders, levels not seen since 2015. #Bitcoin
Read more in this week's newsletter: https://www.bitcoinstrategyplatform.com/news/bitcoin-is-boring-bitcoin-strategy
Strong start off the cycle bottom, now in re-accumulation mode. #Bitcoin
