Day 16/100 — Learning on-chain analysis from zero. 🙌

Today: the heat zones. When the number gets loud.

Yesterday was the number.
Today is the map.

Cold. Below 1x.
Price is under what people paid. Market is underwater.
This is rare. It has lined up with deep bottoms before.

Middle. 1x to 2x.
Normal profit. Most days live here.
We are here. About 1.5x.

Warm. 2x to 3.5x.
Big paper gains. People start taking wins.
Not a top by itself. Just louder.

Hot. Above 3.5x.
Historically the loud zone.
Old cycles spiked here near tops.
Recent peaks have been lower. The number is a clue, not a clock.

Not a sell signal.
Not a buy signal.
Just where the market sits versus what people paid.

Open Arkham.
Find one old wallet that is deep in profit.
Ask: would this wallet feel cold, middle, warm, or hot today.

Homework:
Screenshot one wallet.
Comment: COLD, MIDDLE, WARM, or HOT.

Tomorrow: what holders do when the zone is warm. Profit taking.

84 days left. New here? Start today. You can catch up. 👀