Class of 2017 | My analysis is supported by @Binance | Analyst at Bitcoin Live | I help you stay convicted through volatility using data @ OCC Newsletter ↓
If you remove #Bitcoin that hasn't moved in 10 years, the percent of the supply in profit has recently reached all-time lows.
32.73% of the supply is sitting in profit, lower than all prior bear markets.
If bottoms occur during max pain, we are certainly there/close to it.
Funding on @binance flipped negative at the bottom.
First time in 3 weeks funding has turned negative.
Expect a continued uptrend should funding stay on that side of the coin.
Normal, cyclical behavior for Bitcoin.
No, it’s not dead.
Yes, there will be brighter days.
Best advice I give to anyone going through their first market like this is to touch grass. I certainly have been.
More thoughts in a write up later this week.
Bitcoin is compressing around multiple key on-chain levels.
Bulls want to see $75K hold.
Bears want to see price under $81K.
A market in equilibrium. Who will flinch first?
Bitcoin is compressing around multiple key on-chain levels.
Bulls want to see $75K hold.
Bears want to see price under $81K.
A market in equilibrium. Who will flinch first?
Bitcoin is now BELOW the STHCB, which sits at $78.3K.
Weakness here shows a lack of follow through from the bulls. The 128DMA at $75.2K is the next point of interest.
Bitcoin's price has dropped below the Long-Term Holder Cost Basis during all prior bear markets.
Currently, that level is at $48.6K and has not been reached yet.
Do you think BTC hits this level before reaching $100K again?
This tight Bitcoin range keeps tightening. We will have an answer soon.
$75K - $82K is mostly noise. Movement outside of this range is when the signal comes.
Bitcoin's Funding Rates hit positive for a 3rd day in a row on Binance for the first time in over a month.
The move out of the $60Ks and into the low $80Ks was during an environment of mostly negative funding.
The longer Bitcoin stays above $78K, the more likely 6 digit BTC becomes...
Strong confluence around $78K with the True Market Mean and Short-Term Holder Cost Basis sitting at that level.
This rally above the short-term holder cost basis has been impressive and legitimate in my eyes due to funding being negative 🔴on Binance the entire time.
Funding has shifted positive 🟢over the last two days.
Possible weakness ahead for BTC if funding keeps leaning positive.
BTC broke above the STHCB after being below it since (!) October 2025.
If Bitcoin can hold $78.5K over the next couple of days, then it's ready to rip higher.
Bitcoin failed to clear and hold the Short-Term Holder Cost Basis yesterday ($79.4K).
This tells us that there is still fear among Bitcoin's most reactive cohort.
Clearing this level is imperative.
Continued rejection = look out below.
X is filled with noise. I haven't been posting lately because it's all a range until Bitcoin clears and holds the True Market Mean (blue) at $78.2K.
Well folks, BTC has just cleared it.
Let's see if it holds and if the next run is just beginning.
2 days of deep negative funding on Binance and we're seeing a pop in Bitcoin's price today.
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