Bitcoin has bottomed in the bear market exactly 23 months after each cycle’s ATH.
And we’re EXACTLY at month 23 right now.
So far, this $BTC pattern hasn’t missed once.
Position accordingly.
#Altcoins
In case you missed it:
This time, Altseason is starting a year later than usual.
2016 = Breakout and retest 🌋
2017 = Altseason🚀
2020 = Breakout and retest 🌋
2021 = Altseason🚀
2025 = Breakout and retest 🌋
2026 = Altseason?🚀
WE FINALLY KNOW WHY THE MARKET CRASHED ON 10 OCTOBER AND WHY IT JUST CANT BOUNCE!
We never really understood why the big crypto crash started on October 10th and why we couldn't even get a single meaningful bounce!
Today the answer seem simple!
Let me break it down.
1. DAT's like MSTR, BMNR and others have been one of 2 big buyers that powered this cycle.
2. The DAT game is simple, you need to be the biggest so that you get into the big indices and when you do, passive index trackers are forced to buy large amounts of your stock. As they do you get bigger and get added to more indices, and so the cycle perpetuates.
3. On EXACTLY 10th October, MSCI , the world's 2nd biggest Index company published the below. They are questioning whether companies that hold crypto assets as their core business, should be considered as "companies" or "funds".
4. If they are "funds" they are not included in passive indexing. why, because this creates a circular loop. The fund buys assets , gets bigger and then is included in more indices and buys more assets.
5. The expected ruling will be announced on 15 January 2026 and if this does pass, the companies like MSTR will be automatically removed from all indices.
6. If this happens it would mean that all the pension funds, normal funds and all other passive index holders would dump their MSTR automatically.
7. It would also mean that going forward they would never be included and as such , one of the big reasons why they actually exist would disappear.
8 . Since DATs have been powering this cycle and have been most the buying pressure, the smart money saw this immediately after the 10TH of October announcement and positioned accordingly.
9. The 10TH of October wasn't a coincidence after all - It was smart money seeing a big risk to crypto and the current market structure.
10. The market will probably continue to dum until around the end of December and if the announcement is negative, we will get a huge dump in preparation for the removal from the indices.
11. On the other hand , if it is positive , the bull market is back!!
I broke this down on a 10 minute video this morning and I will leave a link in the next tweet!
If you enjoyed this analysis, please retweet and follow this account!
@el_crypto_prof I guess we will never see altcoin season anymore🤷♂️
Some alts would explode but in the majority
There are ~20 (i prefer) altcoins that will fight for place in the top
And all others that will fight for life with memecoins
New market gonna be strange😶🌫️
#Altcoins
$BTC D. is about to break down from an ABW that has been forming for more than 2 YEARS.
I shared this a few weeks ago and you can see how it's going according to plan.
This breakdown will spark the real Altcoin-Season.
It's the time when alts can gain 10x or more✍️
The Buffett Indicator (U.S. Total Stock Market Value as % of GDP) = 219% and equity drawdowns (red shaded) since 1995:
👉 above 2000s Dot-Com bubble = 183%
👉 below 2021 stock market mania = 227%
Buffett 2021 Fortune magazine: “If the ratio approaches 200%, as it did in 1999, you are playing with fire.”
Nonetheless, many nuances on this ratio, quite a rough ballpark measure of how expensive the overall stock market is:
- changes in stock market value since 2001: more international/global one can say + higher margins + a higher multiple applied to U.S. equities
- GDP does NOT embed future growth, and it grows more steady and predictable
- stock market does include future growth + more volatile + more subject to 'YOLO' environments like these days (social media, leverage, retail investors participation etc) relative to 2001
- Big Tech companies = a major weight + massive cash flow machines + highly integrated into the economy, they are everywhere ... vs 2001
Maverick's net take:
👉 hence, a ratio of 170% in 2000 might mean 200% in 2025
👉 it can be a bit of a stretch to say a big overvaluation or a bubble, or a 'timing' metric
👉 yet we can say more comfortably that fast spikes & high values of the ratio warrants more of a cautious behaviour in terms of the price one pays to buy ... and/or finding cheap hedges ...
“Price is what you pay Value is what you get“ W.B.
P.S. way more on this & other valuation measures on a Maverick Special Equities Report … free to subscribe = free to get it
We are living in the largest Bubble ever.
It is insane (....and it will burst)!
Market Capitalization to GDP:
Long-term average: 88%
Typical historical range: 70% - 115%
Peak before Great Depression (1929): 81%
Peak Dot-com Bubble (2000): 136%
Peak before Great Financial Crisis (2007): 105%
Current level: 213%!
~2.6X higher than 1929
~1.35X above the Dot-Com peak
~2X above 2007’s pre-GFC high
Add on the size if the Crypto Market and the level is a staggering 226%
This has been caused by easy-money policy! Money-printing. And there is only one way out of it.
But..... not yet! The Bubble will grow even bigger!
#Bitcoin
let's zoom out for a moment. Cycle dynamics, long-timeframe metrics (including on-chain and technical indicators) show us the way.
We still have an explosive leg up in front of us - meaning we believe in our previously announced YE target of +200k.
When will this be? Honestly, no clue when it starts. But I would assume we still have a little bit of summer zig zag in front of us (including all this newsflow of war, oil crisis etc).
But Q4 is definitely a phase where we should see some strong moves again.
HODL and buy dips (of course, this is not financial advice)
#Bitcoin season isn't over, yet.
BTC.D has been steadily climbing for > 2 years now - chart is not showing any signs of weakness these days.
Another STRONG leg up for BTC before a correction is likely - then we can expect some rotation into #Altcoins.