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have been buying bitcoin for 4 days in a row 425 BTC bought this week.
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🤔 $BTC #CryptoQuant : If someone tells you that Bitcoin is a bubble, show them this chart. The current Bitcoin Price to Earnings (P/E) Ratio is 1.9, with a peak cycle at 4, and a market bottom below 1. Examples of inflated multipliers: - NVIDIA P/E = 62 - Apple P/E = 34 - Meta P/E = 24
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📊👀 $BTC with new CME Gap at around $60K-$63K, overlapping previous
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📉🤔 Historically, August and September are the worst months for $BTC price performance, with average losses of -7.82% and -5.58%, respectively.
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📈 $BTC hashrate moving average rebounds sharply, reaching a new all-time high of 645 Eh/s
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📊👀 $BTC #CryptoQuant : The price is down to ~$57K, which is 12% lower than the On-chain trader realized price. This level has represented a support thorough the current bull market (dotted light blue line). But, If this support fails, the price can go as low as ~40k.
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