No one can really estimate the impact of the Bitcoin Spot ETFs in the Bitcoin price, because in the whole history of humanity,we have never had a situation similar to the current one.
In specific:
1) Demand
These are the yearly candles for Bitcoin since 2013.
Does the current candle even remotely resemble prior “cycles?” Of course not.
This time is different.
Clean up from weak minds.
They bought at 6-digit and they panicked —> sold at a loss
They will rebuy Bitcoin at a higher price with the afterthought “what an Idiot I was in selling Bitcoin”
Short-term holders are locking in the biggest realised losses in Bitcoin’s entire history at over $900M per day.
🔴 Bigger than the China mining ban
🔴 Bigger than the FTX collapse
That’s true capitulation: fast, violent, and staggering in scale.
#Bitcoin#BTC#Crypto
I was hoping for my altcoins to pump 10x, make generational wealth, and retire forever.
But Now they are down so bad that I need 10x just to get back to my entry.
Truly the worst bull market ever in history.
Per chi fosse interessato alla Scuola Austriaca di Economia, é appena uscito il sesto episodio della serie.
Come al solito, gran bella discussione con Plak_btc
Fuori l’episodio N. 6 della serie sulla TEORIA ECONOMICA AUSTRIACA con Alessandro Ottaviani @AlexOttaBTC
Oggi vediamo le differenze con la teoria keynesiana.
🚨NUOVO VIDEO!🚨
📌#Bitcoin bull market correction stats:
Avg drawdown (peak to trough): -26.9%
Range: -38.6% to -20%
Avg length: 34 days
Range: 1 day to 177 days
Latest correction:
-27.7% and 44 days
👉Latest correction is already similar to previous ones both in terms of depth AND length.
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"Bitcoin´s Four-Year Cycle, Myth or Reality?"
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