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therationalroot
therationalroot@nostr.directory
npub1r00t...sqe8
#Bitcoin on-chain & cycle analysis. Signal only. Follow the carrot down the rabbit hole.
STH cost basis dropped to the $100k psychological level, which coincides with the $2T market cap. #Bitcoin image
Bitcoin is severely undervalued, similar to the COVID crash. #Bitcoin image
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therationalroot 2 months ago
12-month RSI of Gold vs. Bitcoin. Gold in mania territory. #Bitcoin image
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therationalroot 2 months ago
Yes, we had a major deleveraging event and it affected the #Bitcoin price. But would you rather hold dollars or euros in the long term? EUR Low: 930 sats → Now: 1049 sats USD Low: 793 sats → Now: 899 sats In euros, the recent low was the first one since Jan 20th of this year, and we’re again fighting the 1,000 sats per EUR level. In dollars, we already had several lows, and are approaching 500 sats per USD even faster. If you're worried about current price action (orange area), you might want to zoom out. This chart is only 2 years of data. image
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therationalroot 2 months ago
The biggest liquidation event became a reversal to the STH cost basis. #Bitcoin image
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therationalroot 2 months ago
We're in the most bullish quarter of the 4-year cycle. #Bitcoin image
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therationalroot 2 months ago
Last week’s ETF inflows were the highest in 22 weeks, 8.8x the new supply issuance. #Bitcoin image