We can look back at history; when LTH-RP rise, but the price still fell, it meant that many STH holders started holding Bitcoin for more than 155 days.
But because of ETFs, I don't think the market will fall that much.
#BTC#Bitcoin
The decline in Bitcoin's hashrate means that some miners are starting to shut down their mining machines due to price drops.
Is BEAR coming?🐻
#BTC#Bitcoin
Price can still rise. But I'm gonna selling reduces volatility. Moving to fixed-income now. Preparing for the next round. If the ATH is $126,000. 50% drop is $63,000. 60% drop is $50,400. Mining shut price is $60,000. Will ETFs let it fall that far? I dan't know
I sold almost all positions now. I invest based on cycles. Some claim a supercycle exists. I will explain that later. My strategy is very simple. No technical analysis used. I use on-chain profit data. Buy at lows and sell at highs. It is just that simple.
I think ETFs may break the cycle. But not a supercycle yet. Aligning with finance cycles. Volatility is getting smaller. Drop might be under 70%. Real heat is in stablecoins. Simple and strong profits. Faster and cheaper than SWIFT. They threaten traditional banks.