If you only look at the price of Bitcoin, you’re looking the wrong way.
What really matters is this:
MVRV Z-Score: It’s still at 2.5. Historical top is above 7. That means we still have a LOT of room to go up.
Exchange Reserves: At the lowest level in history. There are less than 2.3 million BTC on exchanges. Nobody wants to sell. When the supply dries up, the price explodes.
Long-Term Holder Profit: They’re selling a little, but they still have more than 70% in unrealized profit. At cycle tops, that goes above 90%.
Translation: We’re not even close to euphoria.
The market is healthy, rising steadily, without that 2021 memecoin madness. That’s great for anyone thinking long-term.
Stop looking at 5-minute candles and look at on-chain data.
Do you trade the chart or the fundamentals?
#Bitcoin #OnChain #BTC #AnaliseCripto #HODL $
What really matters is this:
MVRV Z-Score: It’s still at 2.5. Historical top is above 7. That means we still have a LOT of room to go up.
Exchange Reserves: At the lowest level in history. There are less than 2.3 million BTC on exchanges. Nobody wants to sell. When the supply dries up, the price explodes.
Long-Term Holder Profit: They’re selling a little, but they still have more than 70% in unrealized profit. At cycle tops, that goes above 90%.
Translation: We’re not even close to euphoria.
The market is healthy, rising steadily, without that 2021 memecoin madness. That’s great for anyone thinking long-term.
Stop looking at 5-minute candles and look at on-chain data.
Do you trade the chart or the fundamentals?
#Bitcoin #OnChain #BTC #AnaliseCripto #HODL $