IF YOU'RE WORRIED ABOUT BTC
PRICE ACTION, READ THIS đšÂ
SINCE MAKING ITS TOP AT $74K
IN MARCH, BTC HAS BEEN ON A
DOWNTRENDÂ
BTC PRICE ACTION HAS AFFECTED
ALTS A LOT AS MOST OF THEM ARE
DOWN 50%-80% FROM THEIR Q1
HIGHS
Â
BUT THIS HAS ALWAYS BEEN THE CASE
AFTER EACH HALVING, BTC GOES SIDEWAYS FOR A PROLONGED PERIOD OF TIME
IN 2016, BTC WENT SIDEWAYS FOR 161 DAYS AFTER HALVINGÂ
IN 2020, BTC WENT SIDEWAYS FOR 175 DAYS AFTER HALVINGÂ
RIGHT NOW, BTC IS GOING SIDEWAYS FROM 119 DAYS
BUT THERE ARE A FEW BULLISH THINGS HAPPENING ON WHICH MOST OF US ARE NOT PAYING ATTENTIONÂ
FOR AN ASSET TO PUMP, THE SUPPLY SHOULD GO DOWN WHILE DEMAND SHOULD RISEÂ
LET'S TALK ABOUT THE SUPPLY SIDE OF BTC đ
⏠SINCE JULY, ETFs AND ACCUMULATION ADDRESSES HAVE BOUGHT 450,000 BTC
⏠BITCOIN SUPPLY ON EXCHANGES IS NOW AT ITS LOWEST LEVEL IN 6 YEARS
⏠BITCOIN LONG-TERM HOLDERS ACCUMULATION IS AT ITS HIGHEST LEVEL IN 15 MONTHS
⏠45% OF BTC SUPPLY HASN'T MOVED IN 6 MONTHS
ALL THESE METRICS ARE INDICATING TOWARDS AN UPCOMING SUPPLY CRUNCH
ALONG WITH THAT
âź MICROSTRATEGY IS BUYING $2B WORTH OF BTC
âź MARATHON IS BUYING $300M WORTH OF BTC
âź BLACKROCK AND OTHER FINANCIAL INSTITUTIONS ARE ACCUMULATING CONTINUOUSLYÂ
NOW, WHAT ABOUT THE DEMAND SIDE?
AS WE KNOW, DEMAND WILL START PICKING BY Q4 AS SOME MAJOR EVENTS WILL TAKE PLACE
â FED RATE CUT WILL BEGIN
â GLOBAL QE WILL START OTHERWISE THERE'LL BE A RISK ON GLOBAL RECESSIONÂ
â RUSSIA INTERNATIONAL TRADE WITH CRYPTO begin
â FASB RULE WILL BE IMPLEMENTED THAT WILL ALLOW $3T+ OF CORPORATE CASH TO BE INVESTED INTO BTC
ALL THESE EVENTS WILL INCREASE THE LIQUIDITY, AND ALONG WITH BTC SUPPLY CRUNCH, A PARABOLIC RUN WILL START.
