BTC needs a lot of new buyers to keep prices stable/higher.
In 2024, ~230k BTC were mined. At current prices, thats ~$25.5B new BTC that must be bought.
For Ethereum, ~1,000,000 (0.8%) new ETH is mined per year now. That's ~$4B new supply to be bought.
Even market cap adjusted, BTC has 40% more structural sell pressure from miners needed to cover operational expenses. Meanwhile Ethereum validators have minimal expenses and hold new issuance to compound returns.
ETH real yield is 2.09% while BTC real yield is -0.82%.
I expect ETH will be the better store of value.
@BTC_WorldMap@Vgsfsssk@ArjunoKecil I don’t overestimate retail, because retail never misses—they always sell the bottom and buy the top. It’s sad, but as a signal, it’s a pure signal.
@TheDealTrader_@DineroCOP This is totally inaccurate. Taxes are paid on stock compensation when units vest. It is taxed as income upon vesting, regardless if you sell or not.
Then, additional capital gains apply if you sell at a profit.
Everyone’s yelling “bottom is in!”
Spoiler: it’s not.
This is a dead cat bounce, nothing more.
Yeah, we might squeeze higher this week…
But after that?
More pain. More dump.
I’ll tell you when the bottom’s in.
This ain’t it.
Flat PA / choppy PA between now and London open . London spikes and dumps and Tuesday stalls with little to no volume . No major bounce except for few . Once $BTC reclaims 108888 on the daily 108888-112k is a single leg bounce . Likely Wednesday .