Rhythm King

Abstract expressionist. Family fund & fun manager. DJ. Collector.
₿. Punks 3330, 6338, 8917. PNKSTR. PAINSTR. GVC. AKCB.
NFA.

[Rhythm King @RhythmKing]

@1xharsh @newlightvisuals gm 🌸

[Rhythm King @RhythmKing]

@RenshuBTC Brilliant chart

[Rhythm King @RhythmKing]

@1xharsh @newlightvisuals gm 🌺

[Rhythm King @RhythmKing]

@cantonmeow Hopium COTD. 🔥

[Rhythm King @RhythmKing]

@notwarrenETH It’s a great f*n punk tbh

[Rhythm King @RhythmKing]

@strangersolemn This is dope AF. gm

[Rhythm King @RhythmKing]

@TonySopraNFTo https://t.co/H7zoLZ0DER

[Rhythm King @RhythmKing]

Peruggia_v swept a dozen punks today

Dry powder is so valuable rn

[Rhythm King @RhythmKing]

@greenytrades approaching the Nov 22 level. can't wait to see that dry powder flow back in

[Rhythm King @RhythmKing]

@A2E_A2E @ZeyuC_ @Lucas_ANVE PNKSTR's inevitable. It's just time. You're right re the pumps and dumps. But over time the supply burns while the bid remains

[Rhythm King @RhythmKing]

Possible but highly unlikely:
- Power Law: $45,000 in October would be a 1 in 18,437 trading days (50 years) event
- Some key on-chain indicators already at all time lows
- High institutional accumulation through 2024 between $54k and $73k as support
- Potential recovery stimulus: Clarity Act / Iran resolution

Sit back and enjoy the bull div on the weekly

[Rhythm King @RhythmKing]

@MerlijnTrader Specious POTD.
Tiny sample size, correlation without causation

[Rhythm King @RhythmKing]

@1xharsh @newlightvisuals gm. 🌸

[Rhythm King @RhythmKing]

BTC wicked to $59,100.
$1.57B liquidated.
272,000 traders flushed.

Bottom signals:
- The STH Realised P/L ratio just hit an all time low. Lower than 2018. Lower than the COVID crash. Lower than FTX collapse.

- Tactical Bull-Bear Sentiment Index is at an all-time low.

- USDT dominance at 8.2% - has marked a BTC bottom 6/6 times since 2022

- Power Law quantile just above the 0.1% quantile - only a handful of days in history cheaper than this

- LTH holders not selling. Not capitulating.

- 89%+ short positioning - the short squeeze fuel above $72-82k is enormous

- $255B in stablecoin dry powder sitting on the sidelines

CPI June 10.
FOMC June 16.
Clarity Act pending.

But, STRC is a red flag: the STRC reflexivity loop is the one risk that historical confluence doesn't price.

Every prior bottom signal had no equivalent of a leveraged corporate treasury holding 4% of btc supply with $150M/month in cash obligations and a de-pegged preferred stock, although FTX had some parallels.

My BTC price forecast tool has flipped to bull today

It synthesises 174 inputs. NFA

[Rhythm King @RhythmKing]

Either this is the bottom (or very close) or the Power Law is broken

[Rhythm King @RhythmKing]

@_ctm_crypto Past bears followed blow off tops. I doubt we see anything close to 70%. The power law 0.1% quantile has always held bar a couple of wicks and is nearly $59k already