#BTC Smart Money Analysis 📊

📌 Analyzing the data on the distribution of "smart money" in BTC cycles in 2017 and 2021, we notice similarities with the current cycle.

The percentage change in price from the previous ATH also shows similarity to the previous cycle.The first significant decline in the current cycle occurred on August 17, 2023, similarly to previous cycles, albeit with a slight time shift.

Decline #2 also aligns with previous cycles but with a time shift of 1 month.Currently, BTC almost exactly replicates the previous cycle (2017 - 2021) in terms of percentage price change from the previous ATH.

⚠️ The current position of the black line (current cycle) shows the number of days since the previous ATH based on profit-taking metrics in the network.

🔷 Conclusions from the metric:

a) Fractality is maintained.

b) The growth rate is similar to the previous cycle.

c) The acceptance of BTC-ETF stimulates a new bull run, similar to the role of the Federal Reserve's printing press in the previous cycle.

d) We are nearing the end of the current cycle, as more than half of the journey has been completed.

e) Strong corrections usually occur after the next wave of growth.

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