therationalroot's avatar
therationalroot
therationalroot@nostr.directory
npub1r00t...sqe8
#Bitcoin on-chain & cycle analysis. Signal only. Follow the carrot down the rabbit hole.
CPI came in at 3% YoY (better than expected). A reminder that CPI is a constantly adjusted metric. image
On-chain value map: heavy overvalued now at $130k and rising. #Bitcoin image
The current situation best mimics the rallies of the 2nd Halving, both in price and MVRV score. #Bitcoin image
Due to the Halving, #Bitcoin's annual inflation will drop to ~0.8% over the coming year. Meanwhile, the M2 money supply will likely return to its 7% average. image
ETFs Update: Net inflow 932 #BTC (69% lower than average since launch). - Reduced outflows from Grayscale, - Reduced inflows into other ETFs. image