The bitcoin lows are likely in.
Supply and profit metrics have almost converged on the 1-hour chart. On the 10-minute resolution, they have fully converged.
Glassnode's lowest recorded price on Feb 5 was $63,000. It does not capture the final capitulation wick to $60,000.
3% of the supply sits between $60k-$63k.
Why @RealVision?
Many of us see these charts doing the rounds on X, but at Real Vision, we get them first.
While everyone was panicking and screaming "It's Over!!", we were looking at this (among many more) & reading reports that are looking 6 months ahead.
Yes, it isn't nice watching your port in drawdown, but that is simply part of Crypto.
Without it, there would be no ridiculous upside.
To enjoy the upside, we need to remain grounded, convicted in our approach & have the foresight to understand, that a proven framework governed by data & forward looking indicators is what will serve us best in these markets - NOT emotions.
As always, credit to the Don @RaoulGMI and the most handsome man in Crypto (after me) @BittelJulien.
Sign up & start this year as you mean to go on.
We've got a bull run to navigate.
Don't forget... it was "bottom was in" at every low in the 2022 bear market.
Smart investors (1 year + holders) couldn't be less interested in current BTC prices. These extremely low levels of long-term holders have only been seen at other cycle tops.
When it comes to investing, you have to think with your brain, not your feelings.
THE COPPER/GOLD RATIO IS FLASHING ROTATION INTO BITCOIN.
2016, 2020, 2021: every major rollover lined up with early Bitcoin bull legs.
Out of growth. Into safety. Then out the risk curve.
Gold is step one.
Bitcoin is step two.
Capital will follow.
Gold to silver ratio saw a HUGE drop from 1:104 to 1:75 since 2022
I've been urging people to look into silver since 2022 when it was $18 / ounce
Today, it's at $74 / ounce 🚨
Congratulations to all who bought over the last few years
Even STILL silver has a lot of room to run in order to meet a more balanced gold : silver ratio
First the Sent GOLD
but you didn't hold any Gold
Then they sent SILVER
but you didn't hold any Silver
Then they sent every other metal, but you weren't holding those
And THEN... only THEN did the Copper/Gold ratio normalize and slingshot Bitcoin and Alts with it
Only then sirs and the one maam here, only then
Let's meme this into existence thank you
Work in progress, showing higher harmonics of the log-periodic oscillations derived from the log-periodic spectrum. @moneyordebt
Interesting alignments with historical peaks.
@Darkfost_Coc@_checkonchain@_Checkmatey_ To me it just shows the health of the true economy, retail is struggling, our markets deeply depend on liquidity distributed to retail and real economic growth, alt season only when that improves.