Crypto Babylon

[Crypto Babylon @adameyk]

https://t.co/PNFAZWHfiM

[Pho @Photon_Labs]

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[Root 🥕 @therationalroot]

Full week of net outflows due to Grayscale and reduced inflows. BlackRock will flip Grayscale within a couple of weeks. #Bitcoin

[CryptoCon @CryptoCon_]

Long-term #Bitcoin holder selling has reached cycle top levels!

Only two times has this represented something outside of a cycle top, once a cycle bottom in 2018 and then a mid-top in 2019.

Supply-adjusted coin days destroyed is one of the most accurate ways to measure long-term holder selling.

Now that this has reached cycle top levels, does this suggest the top is in?

Based on other data, it seems more likely that we have seen a precursor, like the July 2017 example or Jan 2021.

One thing's for sure, when long-term holders are moving in these kinds of numbers, we need to pay attention.

[Elon Musk @elonmusk]

Starship will take humanity to Mars

[Bitcoin.com News @BitcoinNews]

#Russia Hints At Development of #CBDC Based #BRICS Bridge Payments System https://t.co/olkwGBgQ9e

[Michael Saylor @saylor]

#Bitcoin is the Message.

[Elon Musk @elonmusk]

Optimus strolling around the lab

[Root 🥕 @therationalroot]

Wall Street waking up to the curve of this line. #Bitcoin

[Santiment Intelligence @SantimentData]

📊 #Bitcoin is nearing another cross back above $50K, climbing back to $49.8K following the panic drop from yesterday's disappointing #CPI report. Traders that are attentively positioning their portfolios with the right combination of #altcoins are still profiting as

(Cont) 👇

[CryptoCon @CryptoCon_]

In many ways, with the most recent #Bitcoin move to 52k, this cycle is doing things differently.

Now is officially the longest any early blue year rally has been sustained, barely toppling 2020's rally ending February 13th.

There has also never been a cycle to see sustained moves above the .618 weekly candle body cycle retrace priced around $47,000 this cycle. (not shown)

Yet from the mid-top point, only a brief 20% correction was seen.

Mid-tops in the past have had far greater corrections and long sideways periods that followed.

Much of data suggested a move to the low 30k region for price which hasn't taken place.

I don't know many if any 4-year cycle believers that are currently standing, I may be the last.

No doubt about it, the move we've seen recently is very bullish and out of character according to data and cycle timing.

I am watching price action closely, and continue to hold on to my Bitcoin stash entirely bought at 16.5k in November 2022.

[CryptoCon @CryptoCon_]

The same exact pattern for #Bitcoin has played itself out in every cycle with the 20 Week EMA.

Recently, during the pullback to $38,500, price narrowly missed a retest of the moving average as support, a false retest.

But a closer look at the cycles shows that every single one has experienced this, in an even larger 6-step pattern:

1. Price breaks above the moving average and goes on its first run of the cycle

2. Price breaks below the moving average after the completion of the first run

3. Price breaks above again, marking the first true rally

4. Price creates a false retest of support where it narrowly misses the moving average

5. A second run takes place (We are here)

6. Bitcoin finally makes a true retest of the Moving average as support

According to this measure, maybe the full correction does not need to be as deep while the moving average sits at just $40,000.

Sideways price action is typical after the true retest.

[Elon Musk @elonmusk]

Which path, Western World?

[Santiment Intelligence @SantimentData]

🪙 As #crypto total market caps have rocketed upward this week (+5.9%) and volume has soared (+65.4% vs. previous week), #altcoin interest has risen. When this occurs while prices rise, it can be a greed sign. Monitor the crowd hype by platform here! 👇
https://t.co/Gq5MpCCYzf

[Elon Musk @elonmusk]

The Year of the Dragon

[CryptoCon @CryptoCon_]

People desperately want this time to be different for #Bitcoin, so they can get "rich" as fast as possible.

While I don't subscribe to that idea, and I remain focused on a cycle top late 2025, I wanted to show an interesting piece of data that does say something different.

Early in every cycle, the amount of active coins that have been held for 2-3 years rises exponentially.

Usually, a little over halfway through the cycle, this group declines rapidly.

What we see after is a time frame for the cycle top, which has been between 1 year and 1 year 6 months after the fact.

The event has clearly occurred, where the data pinnacles and starts the massive decline.

Does this one piece of data suggest that we could see the cycle top as soon as late this year?

Cycle timing disagrees, but always interesting to look at different perspectives.

[Root 🥕 @therationalroot]

Cycle comparison: 75 days until the Halving.
#Bitcoin

[Crypto Babylon @adameyk]

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[STON.fi @ston_fi]

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[Santiment Intelligence @SantimentData]

📊 #Bitcoin price dominance is finally back, at least for the time being. #Altcoins have been retracing on the tail end of the week after the past month's blistering hot rally. If the crowd begins to get worried and show #FUD, however, we could see some quick price rebounds.