💬 Some analyst notes on BTC:

1⃣ Long-term holders (LTH) took profits around $100k, but not as aggressively as in Q1. → The lack of continuous jumps in realized profits suggests that less LTH came out during this correction - perhaps a signal that we have already reached the bottom.

2⃣ Bitcoin bears said that the consolidation around the previous all-time high was not bullish, and BTC broke out and reached $99,600. → Now they say that the current consolidation around $100k is not bullish.

3⃣ Everything is within expectations, I don’t know if we will go so low as to reach 85k, but this will be a massive buying zone.

4⃣ Bitcoin whales bought over $10,000 of BTC during the price drop from $99,000 to $90,000.

5⃣ Price action around Thanksgiving 2020 and 2024 - very similar. → Strong rally in the month before Thanksgiving, pullback in the week before Thanksgiving, return to growth just two weeks after Thanksgiving.

6⃣ Double divergence played out, $95,000 reclaimed as we said. → Also back above the 4-hour 50-day EMA - looks like we'll test $100,000 again soon.

Do you think the correction is over? ❓

🤩 Yes.

🤷‍♂️ We will still be in consolidation.

👏 No.

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