Mike Amera

Only the best tweets with #bitcoin, $ETH, $SOL, and #crypto developments and news deserve a retweet. You'll find them here.

[Ki Young Ju @ki_young_ju]

This distribution phase feels like a massive change of hands.

Bitcoin investors' average cost basis is around $53K.

Historically, bear markets ended only after the price fell below the realized price. I thought that level would be hard to revisit, given institutional inflows and MSTR barely selling any BTC.

But current price action suggests unusually strong sell pressure.

• Since Jan 2023, MSTR bought 711,206 BTC and sold only 32 BTC, removing 711,174 BTC from circulation.

• Since BTC was also $63K in Mar 2024, ETFs absorbed 509,102 BTC and MSTR bought 650,706 BTC. That is 1,240,808 BTC absorbed, yet price is back at the same level.

• For context, exchange reserves are around 2.7M BTC, and Satoshi is estimated to hold around 1M BTC.

More BTC than Satoshi’s stack, nearly half of exchange reserves, has been absorbed, and price is still back at the same level.

[James Van Straten @btcjvs]

10.5M BTC sitting at a loss. Peak bear market levels.

As a result more supply is sitting at a loss than profit, they have now officially converged.

[Philip Swift @PositiveCrypto]

@cburniske Also within touching distance (1% away) from a key historical level in the 200WMA.

Might get a bounce from there but still likely some time needed in this late stage bear.

[Plan C @TheRealPlanC]

Bitcoin holding key support, not random.

Very positive that Bitcoin bounced at $74,500.

Support from April 2025, is $74,500 to $76,000.

[Jurrien Timmer @TimmerFidelity]

Bitcoin continues to challenge the neckline of a large head-and-shoulders top, while working off its overbought condition with little or no price damage. This is very much how early bull markets have generally behaved.

[Frank @FrankAFetter]

No one cares about bitcoin right now, per the sell-side risk ratio.

Sentiment and engagement on here align with the data.

Historically these are very opportunistic areas to accumulate for returns on any reasonable time horizon.

h/t @_Checkmatey_

[IT Tech @IT_Tech_PL]

$BTC failed the 200-day MA at 82K.

Here's what the on-chain data said before, during, and after the rejection. 🧵

[Jurrien Timmer @TimmerFidelity]

Bitcoin has continued to build momentum and has seen good flows via the various ETPs. It has now broken the down channel and is testing the head-and-shoulders neckline. Should that neckline get rejected, the momentum seems likely to build further.

Bitcoin has yet again gone from worst to first on the periodic table. It rarely spends ay time in the middle!

[glassnode @glassnode]

#Bitcoin network activity is rebounding fast.

Historically, surges in Network Growth above the 60 level have coincided with the end of local bottoms and the return of stronger market conditions.

Our Vector framework shows #BTC is now approaching that same inflection zone. ▶︎https://t.co/zeV4OLGDTe

[Julius @jv_finance]

Bitcoin is almost back at its fair value.

If this is just a relief rally, it’s already stronger than the relief rallies in previous bear markets.

[Plan C @TheRealPlanC]

Fact: Bitcoin has never broken back above the Short-Term Holder Cost Basis and held it as sustained support during any prior extended bear market.

STH Cost Basis = $78,417

Today marks day 12 above the Short-Term Holder Cost Basis, but I'd like to see at least a month above it before calling it sustained.

[Mike Amera @FMiraculo]

@elonmusk Why do I keep receiving your posts and comments when I can assure you they don't interest me?

[James Lavish @jameslavish]

Good morning.

The 20 millionth Bitcoin was mined yesterday. This means that 95% of all Bitcoin that will ever exist is now in circulation, and it will take 114 years to mine the remaining 5%. No other asset on earth works like this.

Have a great day.

[Daan Crypto Trades @DaanCrypto]

Market is slow, interest is gone, people are switching markets. No risk appetite for any altcoin.

These are all things that are very normal to see during bear markets. Eventually, such a slow period will lead to a very long range and some high timeframe reversal.

Until that happens, you're best of just planning ahead for the year(s) to come and try to raise cash to accumulate at good value prices.

Don't try to actively trade the chop either. Rather focus on the long term.

[Caleb Franzen @CalebFranzen]

I think Bitcoin will fall below the 200W MA cloud.
That's the short-term risk.

I think the 200W MA cloud is a great DCA opportunity.
That's the long-term reward.

Embrace nuance.

[IncomeSharks @IncomeSharks]

Markets bottom on bearish news and top on bullish news. This is why everyone misses them, they think the market will give them signs to sell at the top and think it'll start looking good at bottoms. Nope, true bottoms are ugly and tops look beautiful.

[Benjamin Cowen @benjamincowen]

Every cycle roughly ends up being the same, even though it always feels different.

[Andreas Steno Larsen @AndreasSteno]

If you had to escape the Gulf with your wealth fast, would you rather own:

[Daan Crypto Trades @DaanCrypto]

$BTC Still hovering around its Weekly 200EMA. Technically we saw two closes below it the past 2 weeks but price is now attempting a move back above.

Still think that long term accumulation around the Weekly 200MA/EMA is generally pretty solid if your investment horizon is years.

[Daan Crypto Trades @DaanCrypto]

$BTC Starting to lose the Weekly 200EMA and is heading towards the Weekly 200MA.

The Weekly 200 moving average has historically been a good high timeframe value level to watch for Bitcoin. It never considerably traded below that level for long periods of time. 2022 went about -30% below the MA at its lowest point.