Dear Friends, once upon a time news about whales (big capitals) buying up Bitcoin used to cause a storm of emotions in the market. Today, it has become commonplace.
Before I begin...👇🔥I'll likely make my content private soon, so make sure to follow me here , so u won't miss this and my future content.
We are in a bull market.🚀🚀 💵Based on onchain data, there is about $7 billion of capital flowing into the market every week. This is a clear sign of continued growth.
🧐It is important to realize that the current situation is far from a bubble: 💥A bubble is formed when the price significantly exceeds the amount of incoming capital. This is clearly not the case now. 🚨⚠️Corrections are possible, but even if Bitcoin falls by 30%, this pullback is likely to be short-lived, followed by growth that will compensate for the losses.
🔥The chart above shows that the current values of the MVRV indicator (blue color) are far from the peak areas of the bubble (area 6-8, and now 1.8), as it was in the past cycles.
We clearly haven't reached the top yet. 💥The current Bitcoin cycle is far from a peak, and it is too early to talk about a bear market. If someone claims otherwise, perhaps they are just ignoring the onchain data.
🚨There may be corrections, but the long-term outlook remains positive. Whales continue to accumulate assets and the market is rising 🔥
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