$BTC Fundamental Analysis 💸📈

1.Last week I covered the Weekly-Monthly Seller Exhaustion Composite, this metric

helped us visualize points in the uptrend where Bitcoin was oversold. The composite

between weekly and monthly data gave a signal that showed up at areas where Bitcoin

had major capitulations, which put in local lows.

2. This week I am covering the Long-Term Holder Spending Binary Indicator (7D-MA),

provided to us by Glassnode. This metric uses a 7 day moving average for LTH

Spending, which is the orange signal going through the chart.

3. We can notice an important inflection point in recent months, that being when the Bitcoin

ETFs got listed. The trend rapidly reversed as Bitcoin began getting gobbled up by these

ETFs, leading to a decrease of 933k BTC. This buying pressure from LTHs led to price

increasing.

4. This metric will be important to notice the start of major trends, and the area where the

bull market will top out.

5. As the signal rounds out around bull market highs, we will begin to notice the signs of the

market rolling over, and the bull market will evidently peak out.

#BTC☀ #ETHETFsApproved #FIT21 #btc70k #PEPE‏