From a spot perspective this chart gives you a super clear look.

Ultimately it spells that the bull market has started and almost everything we needed previously to go vertically parabolic has fallen into place.

Naturally price will go up when it is ready and not before but if you are just hodling and want to ignore the noise, this is a great view.

We rotated to the highs in 2021, whales dumped and then we rotated to the lows in 2022, whales bought.

Rotation to the highs expected next.

$BTC