My Twitter header image is the very freedom and democracy they promised the people of Iran through a rain of bombs.
Graves being dug for over a hundred of our little angels — elementary school children in Minab.
When analysing ETF flows, BlackRock (IBIT) and Fidelity (FBTC) are the cleanest signal to isolate, as the two largest entities.
Their combined 30D-SMA sits at more than -1,250 BTC/day in net outflows, a sustained pace of institutional selling that stands out even relative to prior stress periods in 2025.
Compounding this, daily trade volume has collapsed from above 65M BTC/day to 15-20M BTC/day. Sell pressure is persistent while speculative participation has largely withdrawn.
Both directional conviction and activity levels among the top two ETF vehicles remain deeply muted. Any durable recovery will need this dynamic to reverse meaningfully.
📉 https://t.co/XTSqOtdEpD
One of the metrics I watch most closely when trying to gauge a bear market's end is, Realized Loss volume (in USD) by the 1-2 year holders.
This age bracket captures coins last moved roughly 12 to 24 months ago, placing them closest to cycle-peak buyers. As frustration builds with sustained price underperformance, this cohort tends to progressively increase loss realization.
Historically, bear markets have not found durable footing until this specific group exhausts its sell pressure. When the 30D-SMA of their realized loss cools and rolls over, it has often been among the clearest early signals that the heaviest distribution phase is behind the market.
Worth watching closely.
📉 https://t.co/215U2LegCw
As price rallies toward $66k, LTH realized loss volume is spiking!
Cycle-top buyers are using the relief rally as an exit opportunity, locking in losses at a smaller margin than the sub-60k lows allowed. Selling into strength rather than waiting for recovery is a pattern consistent with exhausted conviction among underwater long-term holders.
📉 https://t.co/CmvbpBZrKv
@DUNE_Xe@glassnode the main force that is anchoring the price down has not shown any sign of cooling down. Therefore, expecting an immediate transition to a bull market seems unlikely.
Long-Term Holders now hold about 84% of circulating supply. That is a record.
But owning the supply is not the same as having your conviction tested. The sharper question is how much pain these holders have actually absorbed.
Read the pain through unrealized loss as a share of their own market cap, i.e. their paper loss, divided by what those coins are worth today.
It reads 19.7% right now. At the 2018 low it hit 82.8%. At the 2022 low, 76.1%. Past bottoms dragged this cohort deep underwater before price turned. This pullback has barely wet their feet.
As price rallies toward $66k, LTH realized loss volume is spiking!
Cycle-top buyers are using the relief rally as an exit opportunity, locking in losses at a smaller margin than the sub-60k lows allowed. Selling into strength rather than waiting for recovery is a pattern consistent with exhausted conviction among underwater long-term holders.
📉 https://t.co/CmvbpBZrKv
Israeli settlers, brandishing American made M4s, detained me & other Americans on my trip to Palestine.
When the IDF arrived, they sided with the settlers & continued our detention.
They made a huge mistake.
You will be hearing more soon. https://t.co/rZw8bRAn64
@undead000137 خیلی سخته تعمیم داد این تئوری رو به «کریپتو»،
بیتکوین؟ شاید
پروژههای غیر بلاکچینی با محل درآمد از کریپتو مثل صرافیها، شرطبندیها و … ؟ شاید
@BitQua The multipliers must somehow get adjusted with time. Using a constant multipliers and showing the results on a log scale is nice, I used it many times, but over time I figured this is misleading.
@udiWertheimer@_whitneywebb@markgoodw_in Well, no one gives a f about what a retard believes or say, as soon as he starts his argument with the word “antisemitic”.