I was pretty meh on $BTC until literally the past few days, think we have the juice for new highs now
This is what I see:
Buying power measures $BTC vs stablecoin market caps in a unique way that i constructed
Green = stable heavy
Red = $BTC heavy
Printed buy yesterday
For first time ever, 2 consecutive days of $1B+ in stablecoin printing
Bullish
Massive amounts of reserve assets ( $BTC + stables) moved onchain the past couple days
AND
We finally tagged >50% of reserve assets moved over past 90 days >$50k
Tons of weight thrown around above $50k now
Stablecoin change ratio measures change in total stablecoin cap vs $BTC market cap
All this action caused a big spike after a long downtrend
Also, this action on $ETH is hella bullish on an ETH retest:
All things considered, I'd say we might be entering "everything up mode"
Also forgot this chart - still respecting the blue line
Trending price action by definition - wants to stick closer to 30 day highs than the lows
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