Bitcoin education, advisory and analytics.
United States
Joined October 2021
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The Bitcoin Advisory ∞/21M ⚡️ retweeted
Saving for a house is a defining event for many young adults.
Over the past ten years:
- If you've saved for a single family home (SFH) in US dollars, then the prices have increased by 78%.
- If you've saved for a SFH in #gold, then the prices have decreased by -41%.
- If you've saved for a SFH in #bitcoin, then the prices have decreased -98%.
How you save over the long-run is critical.... Choose wisely.
The Bitcoin Advisory ∞/21M ⚡️ retweeted
bitcoin is much closer to the end of its bear market than the beginning. ETFs are puking their brains out on top of treasury company selling, who's been buying?
while long term holders now hold record supply, btc has traded into lower bound of on-chain valuation methodologies.
The Bitcoin Advisory ∞/21M ⚡️ retweeted
Bitcoin looks cheap.
If it regains the 35x XBT/XAU cross implied by current levels of the Buffett Indicator, we're looking at $160k, and that's just catching up to where equities already are.
The Bitcoin Advisory ∞/21M ⚡️ retweeted
JUST IN: 🇺🇸 White House Executive Director says there will be a "big announcmentvin the next few" weeks regarding a Strategic Bitcoin Reserve 👀
The Bitcoin Advisory ∞/21M ⚡️ retweeted
One of my favorite charts. Bitcoin tends to follow gold with a couple months lag. Yes the purple arrow is the biggest arrow on the chart. Yes the current gold price is literally off this chart. Bullish.
The Bitcoin Advisory ∞/21M ⚡️ retweeted
Digging more into the perp data:
- OI and funding is back to where we were a couple days ago. This was not the full classic liquidation cascade we often see. You can see this in how many alts barely budged.
- This ramp in OI was people opening longs on 100k breakout leading to a huge surge in funding rates into the 100% APR area. Danger zone.
- My thought is that lev longs chasing post 100k breakout is inevitable and cannot be stopped.
- However, the reason I think this is bullish is that instead of stacking further leverage onto the market and stretch the price to say 115k, we instead reverted and flushed this breakout OI.
- Lev longs are now liquidated and have PTSD. They will not be as convinced to lev long a 100k breakout this next round now.
- We can now hopefully build a base for a spot-driven move past 100k and that will hopefully not be followed by lev long chasers who've now been burned.
- The onus now is on spot buyers to lead here and I think that will take time, but I'm a lot happier to see this than see perps continue to push us higher on a house of cards.
- As a spot longer, this is why I think this is bullish medium term. Hopefully we can now build a healthier base.
The Bitcoin Advisory ∞/21M ⚡️ retweeted
MSTR raising $B/week to deploy into Bitcoin. MARA currently boosting its holdings by 30% with a $1B raise. Absolutely insane institutional demand. 13.5% of all Bitcoin is now held by institutions and ETFs and it's going parabolic. It's wild how numb we all are to this now that it's the new normal. But this is the institutional adoption we were all dreaming about.
The Bitcoin Advisory ∞/21M ⚡️ retweeted
BREAKING: the global stablecoin supply is at all-time highs of ~$183 billion.
The Bitcoin Advisory ∞/21M ⚡️ retweeted
FONEB
Fear of Not Enough Bitcoin
Maximum accumulation is happening again. 👇🏻
The Bitcoin Advisory ∞/21M ⚡️ retweeted
Now that #bitcoin is consolidating near all time highs, let’s revisit some bitcoin top indicators, where they are now and what to expect moving forward (current price $68,500)👇
% Long Term Holder Supply
MVRV Z-Score
Top Cap Model
Mayer Multiple
NUPL
Pi-Cycle Top Indicator
The Bitcoin Advisory ∞/21M ⚡️ retweeted
BREAKING: $108 billion VanEck CEO says he owns “way over 30%” of his portfolio in #Bitcoin 💥
The Bitcoin Advisory ∞/21M ⚡️ retweeted
People, I wish you could listen to the calls I’ve been on the past 12 hours. I’m the most bullish person you know, and frankly I’m not bullish enough. This is a transformational moment for Bitcoin on the world stage.
The Bitcoin Advisory ∞/21M ⚡️ retweeted
A significant buying opportunity currently exists based on the situation with short term holders…they are at a point of capitulation. As a group, they are holding losses not seen since the bottom of the bear in November 2022. In uptrends, these are the moments to buy. 👇🏻
The Bitcoin Advisory ∞/21M ⚡️ retweeted
Volatility in #bitcoin is declining. The latest pullback from the recent all time high of approximately 18% wasn’t even the largest of this cycle (black) and not even close to the normal pull backs of past cycles. Take these opportunities to stack when they present themselves.
The Bitcoin Advisory ∞/21M ⚡️ retweeted
Buyers have continually stepped in during price dips at the STH cost basis to provide support and continue the bull market & further appreciation. During bear periods, this level provides resistance and selling pressure for continued price drops. STH cost basis is now $63,350.
The Bitcoin Advisory ∞/21M ⚡️ retweeted
MVRV Z-Score is a measure of unrealized profit and how overextended the market is. A score in the red zone is at or above 7.0, indicating the average holder of #bitcoin is sitting on 600%+ profit. Historically, all price peaks have been at or above this level. Today, the MVRV Z-Score is only 2.53. It was at 3.17 in March when price was $73K, indicating that we are at a more even and stable point today, than we were 3 months ago. With adoption still early, there is good reason to believe a cycle top will, at the very least, closely approach the 7.0 level is has in the past before price peaks again.
The Bitcoin Advisory ∞/21M ⚡️ retweeted
Only 56.6% of the total value of the #bitcoin market is profit. It is not until this has gone above 80% that bitcoin has marked a cycle top in the past. @glassnode @_Checkmatey_
