Update on the #Bitcoin PAPER HANDS Ratio - ratio of young coins active in last 6 months / circulating supply
How to read:
🧻👐 > 49% (peak retail FOMO)
💎👐 < 25% (#BTC in dead zone)
👉 Lowest level since 2015 bear market
👏BULLISH 👏BOTTOM 👏SIGNAL🚀
🌽Smart money is BTD
As you know S2F model predicts ~$100K average this halving cycle (white line). I dumbed that down to "$100K Dec 2021 close" because to make $100K average, mid-cycle we should be above that average. My floor model (not S2F) predicts $135K Dec close: roughly in line with S2F model.