🚨🚨Don't worry! 🚨🚨
⚡⚡Everything is normal in the market⚡⚡
BTC Downtrend:
- Since peaking at $74K in March, BTC has been in a downtrend.
- Alts are down 50% to 80% from Q1 highs.
📉 Historical BTC Price Action:
- 2016: BTC was sideways for 161 days after the halving.
- 2020: BTC was sideways for 175 days after the halving.
- 2024: BTC has been sideways for 119 days so far.
But there are bullish signs that many are missing! 👇
📈 BTC Supply is Decreasing:
- Since July, ETFs and accumulation addresses have bought 450,000 BTC.
- Bitcoin supply on exchanges is at its lowest level in 6 years.
- Long-term Bitcoin holders’ accumulation is at its highest level in 15 months.
- 45% of BTC supply has not moved in 6 months.
🚨 Upcoming supply crunch indicators:
- MicroStrategy is buying $2 billion in BTC.
- Marathon is buying $300 million in BTC.
- BlackRock and other financial institutions are continuously accumulating.
💡 What about demand?
- Demand will increase in Q4 with major events:
- FED rate cuts begin.
- Global QE begins, averting a risk of global recession.
- Russia’s cross-border trading in cryptocurrencies begins.
- FASB rule implementation will allow over $3 trillion in corporate money to be invested in BTC.
🚀 All these factors could lead to a parabolic run for BTC!