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๐๐ $BTC #CryptoQuant : The current nearest support level is $94.5K, which represents the average purchase price for short-term holders (STH) holding coins for a period of 1 week to 1 month. At the $80.8K level lies the average purchase price for the entire STH cohort.
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๐๐ค $BTC Whenever these blue lines intersect (2017 and 2021 bull markets), Bitcoin 2024-2025 has converged, with only a few exceptions (one of which was the COVID dump). Today another waypoint was met, making a mockery of the skeptics that claim Bitcoin is a speculative asset that fluctuates randomly. The next waypoint on this chart is $250,000 in May.
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๐ณ๐ธ Whales increased their $PEPE holdings by $1.14 billion yesterday!
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๐ฟ๐ Amazon Shareholders Urge Board of Directors to Consider Investing in $BTC
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๐๐ค $BTC #Glassnode : The supply delta between LTHs and STHs is moving violently upwards. We aren't near previous cycle tops yet (2017/2021). LTH supply peak to trough have distributed 813k BTC, and 250k BTC in the past 3 days. Compare this to the start of 2024 (1M BTC inc GBTC). For every seller there's a buyer and demand is currently being met.
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