Discover and read the best of Twitter Threads about #nupl

Most recents (4)

#MVRV Z-Score is a standard deviation that pulls the extremes of #Bitcoin price and #BTC realized value. The higher Z-score = more overvaluation, vice versa. A key on-chain indicator

The Z-score had just moved into "undervalued" zone this week, last seen in Dec 2018 & March 2020 Image
@glassnode #Bitcoin % Supply in Profit hit a new cycle low.

Currently BTC supply % in profits rebounded from 50% during the $20k crash, macro bottoms for BTC happened in the past when BTC supply in profits reached 40-50% level.

Getting closer. One more capitulation could do the job. Image
@glassnode #RHODL ratio identifies #Bitcoin macro tops and bottoms. Currently, RHODL ratio is lower than its March 2020 levels, and also very close to the "undervalued" bottom zone last saw in macro bottom in 2018, but not yet. Image
Read 5 tweets
Coinexpert Onchain Sözlüğü:

Arkadaşlar Paylaştığım verilerin anlamlarını olabildiğince sade ve anlaşılır anlatmaya çalıştım. Lütfen bu ne anlama geliyor sorusunu sormadan önce bu flooda göz atınız. Bulamazsanız elbette yardımcı olurum👇👇
1-) #CDD :155 günden uzun süreli #btc hodl yapan yatırımcıların , taşıma hareketlerini göstermektedir.

Veri çok yüksek geldiyse ya #btc miktarı çok yüksektir yada #hodl süresi çok uzundur.

Bu veri borsa satışını göstermez, taşıma hareketlerini gösterir.Takip edilmesi gerekir.
2-) Exchange İnflow #CDD:
Bu veri 155 günden uzun süreli tutulan #btc 'lerin borsaya taşındığını gösterir. Spot borsalara taşıma satış baskısı yaratır.Türev borsalara taşıma ise volatilite yaratır çünkü borsaya giriş yapan #btc'ler Long yada Short yönlü işlem için kullanılabilir
Read 15 tweets
The following is an analysis of indicators that present facts that the bull market is still going from charts and data. I worked very hard on this for you guys, take some time to go through it. If you enjoyed this, please like and retweet to spread the message! Follow for more ty
1. The Golden 51%-49% Ratio shows a pullback. If the indicator's correct then my thesis that we're still in the bull market stands until the start of Oct. This indicator will be invalid if the thesis is wrong. This indicator has not failed. Yet. Indicators work until they don't. Image
2. Bitcoin search has not topped 2017 yet. My conclusion is that covid lockdowns have now made it hard for people to communicate (those not in the loop online and only watching Netflix, naruto, gaming, working at home etc) Normal gossip will take the frenzy up a notch for normies Image
Read 13 tweets
1/10-Going through the 2nd week of the biggest corrections of this cycle (~ 50%), the ultimate questions in market are,
-Whether the cycle is over?
-How are the Exchange Flow conditions?
-What is the picture that on-chain metrics are giving about market in long-term?
🧵🔽
2/10- All-Exchanges Reserve has been declining since the beginning of this bull market. This trend was then upward on April 24th after prices dropped 64K > 50K [1A] = on-chain bearish sign.
3/10-Overall increasing level of bitcoin reserve on exchanges was due to Derivative-Exchanges (@Binance, @Bitrex )[1B]. The interesting point to notice here was the uninterrupted downtrend of bitcoin reserve on Spot-Exchanges (@Coinbase, @Kraken)[1C].
Read 26 tweets

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