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Benking
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NOT A FOUNDER OR A CEO OF ANYTHING ONLY BITCOIN 🧡⚡️ SATS ARE THE STANDARD PHOTOGRAPHY📸
A key on-chain indicator for #Bitcoin has reached its lowest level in the current cycle, but we have not yet reached the final lows of past bear markets. The Seller Exhaustion Constant indicator measures the level of seller exhaustion by combining the status of holders’ profits and the market’s 30-day volatility. In previous cycles, the indicator’s current range has been associated with the final stages of a bear market and the formation of significant lows. However, the current value is still about a third above the absolute low seen in previous bear markets. So this data suggests that the market is approaching a level where sellers are becoming severely exhausted. If history repeats itself, there may still be a final stage of selling pressure left. image
“What if your plan doesn’t work out” Well you go back to working 40 years in a 9-5 job like everyone else Your worst case scenario is someone else base case scenario image
🧠 #Bitcoin’s short-term holder supply is shrinking. This trend has historically appeared near the end of #bear markets, per CryptoQuant analyst Darkfost. image
#Bitcoin is approaching a point where the cost of production for a significant portion of miners equals its market price. The chart shows the price entering the cost of production band. The significance of this band lies in its history. When #Bitcoin price approaches this band, it has been associated with the end of a deep downtrend and the formation of significant market bottoms. For this reason, #Bitcoin’s entry into the cost of production band can be considered an important sign of a market erosion phase. image
Since February, #Bitcoin has been giving everyone months to accumulate around these levels. Sentiment is dead. Engagement is dead. Bottom indicators are flashing. You won’t get this kind of opportunity forever. image