Bitcoin Past Cycle And Where It Is Now

If history repeats itself, it will soon enter the bull market 2 phase.#btc70k

investment statement#btc70k

If Bitcoin succeeds in rebounding without breaking away from its main support interval of 91.8K, it is expected to rebound to 104K, where the price imbalance has occurred on a daily basis.

However, the rebound is likely to end up as just a rebound to secure liquidity rather than a strong rally that renews all-time highs, and we weigh in on a scenario where a correction occurs again afterward.#Binance

The CMC cryptocurrency Fear and Greed Index was "neutral" for a second day at 54, ending the "greed" and "extreme greed" marches that began on Nov. 6.#bitcoin

The U.S. Securities and Exchange Commission has finally approved the first spot fund combining Bitcoin and Ethereum.

The Nasdaq listing of the Hashdex Nasdaq Crypto Index U.S. ETF and the listing of the Franklin Crypto Index ETF on the Cboe BZX exchange have been approved, according to the published documents.

Bloomberg's chief ETF analyst, Eric Balchunas, predicted a fund of 80% Bitcoin and 20% Ethereum to be launched in January 25, reflecting the current market cap.#BTCNextMove

Is the current bull market different than before?

1 Seasonal Rise Path
the highest two-season decline

Comparing the previous bullish cycle with the current cycle, there doesn't seem to be much difference

The highest rate of decline is also the lowest compared to before, but -32% is never low volatility

Remember, the fireplace is not without adjustment, but an upward-sloping time strong enough to recover from the ruinous decline#bitcoin☀️

Just before the bull market in the past, Bitcoin Dominance has always fallen sharply, sending Bitcoin liquidity into altcoins.

In the bull market in 2017, Dominance continued to fall for nine months, hitting a low, and in the bull market in 2021, it fell for five months, hitting a low

While it is difficult to predict how long Dominance will fall in this bull market, the current situation is just before Dominance falls sharply, indicating that it has entered the bull market's early days.#Bitcoin110KNext?

Recently, a lot of funding costs that had been overheated due to volatility have been resolved, and it is currently maintained at 0.01 level.

With a significant amount of Ant's long positions liquidated, it is likely to raise prices once again on a futures market basis.

There are currently large forward buy orders in the 90.2K and 89.8K segments. #bitcoin☀️

Stablecoin Distribution Supply Breaks $200B 🔥

Let's make a lot of money when we get into the market #bitcoin☀️

Elon Musk got a new toy.#altsesaon

Ripple CEO Brad Garlinghouse said spot U.S. bitcoin ETFs are "the most successful" of all the ETFs in the country ever.#altsesaon

The size of funds locked up in the DeFi market has broken its 2021 peak 🔥

TVL: Total Value Locked stands for the size of assets deposited in the Defi protocol #BTC☀

At the same time that Bitcoin prices are rising, so is the amount of stablecoin transmissions.
The influx of stablecoins is supportive of bitcoin prices, and it seems likely that much of this will flow to altcoins. #BTC☀

BlackRock's net purchase of Ethereum ETFs is also rising significantly in November. #BTC☀

Currently, it is constantly receiving strong resistance from the 4-hour stick order block.
Nevertheless, it maintains a regular arrangement on an hourly basis and is stably supported without leaving 120 EMA. #BTC

Prices have been on the rise since early this morning, driven by a rebound in buying by whales and large ants. The increase in buying by medium-sized whales and ants is particularly noticeable.

On the other hand, the recent activity of large whales is not as volatile as before and has shown relatively limited movement. In this situation, the sideways movement with low volatility without a significant decrease in buying can be interpreted as a positive sign.

Global institutional funds, as well as ETF inflows, appear to be slowly flowing into the market #BTC☀

Looking at the beat/alt season data alone, in the downtrend cycle that began in March

It's clearly handing over a 50-point section that it couldn't easily get over, and it's showing a positive image of trying to get out of the bitcoin season and reach the altcoin season.

Alt season is recovering despite the drop?

This can be seen as a move by big players to incorporate the port into altcoins, and the explosive alt cycle starts from the moment the alt season is supporting more than 50 points as it is now. #BTC☀

This is a bad news

The above charts follow the Bitcoin price and global M2 increase/decrease rate by about two months

For about a year, Bitcoin's trajectory has followed global M2's lead

Global M2 is currently on the decline

Of course, there were times when it didn't match in the short term if you look at the bigger frame

I hope M2 goes up again #BTC

Currently, Bitcoin has been successful in closing beekeeping for four consecutive weeks,

The 5th main salary is also under beekeeping, but I think it will occur this week if the adjustment is made probabilistically

This week, we will proceed with the sale focusing on short-term trading.

If pressed, the pressed Maginot Line is believed to be about 90K near the low-cost line of Jubong, and if you give up the seat

I think there's a good chance it could be the last low of the year. I don't know if it's going to go according to the scenario, but I'll always be prepared. #BTC☀

Tether Dominance USDT.D

There's a long pole note coming out on the monthly basis. Tether Dominance is falling out, which means stablecoins deposited on the exchange are being used

This May Mean People's Buying Up With Altcoin Or Bitcoin

Conversely, if Tether Dominance rises, the stablecoin ratio rises by selling the stock it holds, which puts it under selling pressure

According to the monthly salary, if you hand over this section by 3.77% of the low price in March, I think a certain alt will begin. #BTC☀