1/
#Bitcoin update
As I see many discussions on whether #Bitcoin has printed a top, there is a clear answer: NO.
Various metrics support this, but just look at the #Bitcoin supply distribution in late 2017 vs now, which I have not commented on so intensively so far:
#Bitcoin update
As I see many discussions on whether #Bitcoin has printed a top, there is a clear answer: NO.
Various metrics support this, but just look at the #Bitcoin supply distribution in late 2017 vs now, which I have not commented on so intensively so far:
2/
In late 2017 80% of supply was concentrated at 8.1k and below. The peak was around 19.6k. A ratio of 2.4. Everything above 8.1k was only backed by 20% of supply!
In late 2017 80% of supply was concentrated at 8.1k and below. The peak was around 19.6k. A ratio of 2.4. Everything above 8.1k was only backed by 20% of supply!
3/
Today, 80% of supply is concentrated at 40.0k and below. The peak was around 61.6k. A ratio of only 1.5. The higher price regions today have much stronger price support.
Today, 80% of supply is concentrated at 40.0k and below. The peak was around 61.6k. A ratio of only 1.5. The higher price regions today have much stronger price support.
4/
Again, I believe we are in a healthy consolidation that is building strong price support for the next leg up as previously shown here
Again, I believe we are in a healthy consolidation that is building strong price support for the next leg up as previously shown here
https://twitter.com/2210ft/status/1379059671068258304?s=20
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