HODL'er behavior is very similar to previous cycles! Looking at the change of the Long-Term Holder cost basis on a 90-day basis, which gives us a macro signal, their cost basis is rising.

My #Bitcoin Amsterdam Presentation is now LIVE! On-Chain & Cycle Analysis: 🥕 Supply Dynamics 🥕 Psychology of the Market Cycle You DON'T want to miss this one! 👇🧡

175 days until the Halving. #Bitcoin

Right on track! #Bitcoin

This week's newsletter: #Bitcoin Double catalyst — Spot ETF and Halving combination. ✍️ Spot ETF third deadline, 15 January '24 ✍️ Spot ETF final deadline, 15 March '24 🔥 Halving, 21 April '24

The new @TheRationalRoot 🥕 Merchandise is now available! Let's educate the world about Bitcoin 🧡 Order your Bitcoin's Digital Scarcity T-Shirt! ✅ Worldwide delivery ✅ 100% organic cotton ✅ Bitcoin accepted Shop 👉

21mil

21mil

21mil is a merchandise specialist based in the Netherlands | 21mil is specialized in making and selling merchandise for influencers.

During this re-accumulation phase, nearly a quarter of Bitcoin’s supply nestled within the consolidation range before Bitcoin took off.

Above the Short-Term Holder cost basis! #Bitcoin

Ever wondered where and when people buy their Bitcoin? Around 24% of Bitcoin’s supply has been traded proximate to current price levels. Predominant psychological intervals are apparent at approximately 10k steps: 17k, 27k, 38k, 47k, and 57k. Those seem like key milestones for a lot of buyers. Read more in this week's report.

Halving progress 87%. #Bitcoin

Bitcoin 4-Year Cycle.

A fake spot ETF pump was just what we needed for Bitcoin to break back above the 200d, 21w and STH cost basis.

Bitcoin vs. Gold In both gold and Bitcoin, the concept of paper or synthetic assets affecting the spot price is a concern. However, a critical distinction between the two lies in the area of verifiability. While both futures and spot ETFs for Bitcoin and gold share the common feature of often lacking an actual underlying asset, the two diverge significantly when it comes to the capability for transparent verification of those assets. In the world of gold, the lack of easy verifiability tends to make spot ETFs more susceptible to becoming fractional reserves. That is, the real, physical gold that's supposed to back the paper might not fully exist, making the system less transparent and reliable. Bitcoin, by contrast, offers the benefit of higher verifiability and proof of reserves, which substantially mitigates the risk of fractional reserve practices.

Halving progress 86%. #Bitcoin

I will be speaking at Bitcoin Amsterdam next week! Ticket prices increase tomorrow — use code ROOT for 10% off! 🥕 Hope to see you there! 👊

Avg. Exchange Price vs. UTXO Price Bitcoin's price using only on-chain data, eliminating the need for third-party involvement. UTXOracle by Steve

Bitcoin making a move for the STH cost basis.

#Bitcoin vs. S&P 500, converging.

The Bitcoin Halving Cycle.

Halving Progress 85%. #Bitcoin