A bunch of people are talking about, and as usual they have no idea what they are talking about.
The God Candle is NOT happening anytime soon, because it's not a $10k candle.
The God candle will occur when we’re no long tracking the price of Bitcoin, but the price of Sats. It will occur after we’ve reached Sat - Cent parity, in other words, when 1 Satoshi = 1 Cent.
Now...
The God Candle happens when: 1 sat moves from 5c to 6c in one single day.
That doesn't sound like a big deal right? And for most, it won't be. At that point, their $5000 worth of sats (ie; 500k Sats) will increase in value to $6000.
BUT....but but but.
BEHIND the scenes, that Bitcoin just went from $5m to $6m in a SINGLE day.
That is a ONE MILLION dollar candle. In one day. Yes. Mark my words. Bookmark this tweet. I wrote about this two years ago:
The God Candle is $1m in a day.
Not some measly $10k. This is child's play. We are still early. That's the good news.
The (bad??) news...It's not coming anytime soon.
0.00001% chance it will happen this cycle 20% chance it will happen next (2028) cycle 80% chance it happens first cycle post 2030 99% chance it happens before 2040$BTC
Whales Take Profits from Bitcoin and Move Into Ethereum: Time for Altseason? 🚀🚀🚀
The Ethereum (ETH) price increased yesterday and nearly broke out above its 2023 highs today.In contrast, the Bitcoin (BTC) price decreased since yesterday and fell below $45,000 today.Ethereum Pumps on Bitcoin ETF NewsYesterday, the SEC tweeted that the Bitcoin ETF has been approved. However, shortly afterward, SEC chair Gary Gensler declared that the social media account was compromisedand a decision on the Bitcoin ETF had not been made yet.The price movement for BTC and ETH (green) has diverged since the announcement. While the ETH price has increased by 5%, BTC has fallen by 4%.On-chain data shows that over the past 24 hours, a whale borrowed $11 million worth of BTC from the AAVE lending protocol and swapped it for $11 million worth of ETH. On-chain data also shows that ETH whale holdingsare increasing at an unprecedented rate.Smart Money flows also show that there has been more than $23 million flowing into ETH over the past 24 hours.What Do the Analysts Say?Cryptocurrency traders and analysts on X believe that the narrative has shifted, and a flow of funds from Bitcoin to Ethereum has started.Alex Kruger stated that the ETH/BTC bottom is likely in:Most components for an $ETHBTC bottom are here: – narrative shift: from BTC ETF to ETH ETF – upcoming events: EigenLayer airdrop – chart: 50% correction + fakeout of 2022 lows – sentiment: extreme pessimismWill Clemente tweeted a chart of ETH/BTC, which shows a deviation below the 2022 lows.Finally, Cold Blooded Shiller suggests that the narrative will switch to an ETH ETF, causing the price to pump. #ETH 🚀🚀🚀🚀💸💸