STH Realized Cap Dominance #Bitcoin is approaching 20% — a historical bottoming region
Speculative capital evaporated from the market🩸
We've entered a phase of dormancy and quiet accumulation — only the conviction holders remain 💪 #BTC Price Analysis# #Macro Insights# #OnChainAnalysis $BTC
This happened only 1x in history during the 2015 bear market ⚠️
During all other bear cycles, this indicator got very close to its lowest point and #BTC formed floor in this zone. #BTC Price Analysis# #Macro Insights# #OnChainAnalysis $BTC
#Bitcoin $54k price range concentrates large clusters of long liquidation orders
It is an extremely important region with the realized LTH price situated in this range, in addition if #BTC reaches this price, the Strategy position will be at -30% unP/L increasing FUD around Saylor's strategy and attracting selling volume to market.
Keeping an eye on $58k 👀 — the last key level in current subcycle. If broken, the price $BTC will likely move towards the long-awaited ~$54k #BTC Price Analysis# #Macro Insights# #Liquidation
Saylor announced plans of selling up to $1.25b in #BTC to build a USD reserve to cover dividends
If Strategy were to sell some #Bitcoin to capitalize its USD reserve, it would be realizing loss by capitulating.
Currently Strategy BTC position has an unrealized loss of -$13.26 billion 🔴 The magnitude Strategy unrealized loss was already much greater during the previous bear market in 2022 and yet the company survived with its Bitcoin treasury strategy.
However, the company’s BTC position during that period was 3x smaller than its current position.
In addition, during that period, the company did not sell in loss to cover its obligations.
This raises a question in the market: Is the Saylor strategy profitable? 🤔
Buy BTC at any cost Don’t sell Bitcoin while it’s in the green Sell BTC at a loss🩸 to build up USD reserves #BTC Price Analysis# #Macro Insights# #Saylor $BTC
Saylor announced plans of selling up to $1.25b in #BTC to build a USD reserve to cover dividends
If Strategy were to sell some #Bitcoin to capitalize its USD reserve, it would be realizing loss by capitulating.
Currently Strategy $BTC position has an unrealized loss of -$13.26 billion 🔴 The magnitude Strategy unrealized loss was already much greater during the previous bear market in 2022 and yet the company survived with its Bitcoin treasury strategy.
However, the company’s BTC position during that period was 3x smaller than its current position.
In addition, during that period, the company did not incur a loss to cover its obligations.
This raises a question in the market: Is the Saylor strategy profitable? 🤔
Buy BTC at any cost Don’t sell Bitcoin while it’s in the green Sell BTC at a loss🩸 to build up USD reserves #BTC Price Analysis# #Macro Insights# #Saylor
ADCI Percent Change 30d #Bitcoin hits a new low of -29.23%
Historically, during last three #BTC bear markets the indicator signaled bottom forming within yellow range (20%–35%) #BTC Price Analysis# #Macro Insights# #OnChainAnalysis $BTC
STH Capitulation Composite Z #Bitcoin fell below the Extreme Capitulation region at least 2x in the current bear market
This indicator combines the SOPR STH weighted by the fraction of the normalized loss supply with a 365-day Z-score
When short-term holders are selling at loss and the supply in loss zone is widespread, the composite indicator reaches -2.00 range, signaling capitulation of this category investors and indicating a high probability of bottom forming #BTC #BTC Price Analysis# #Macro Insights# #OnChainAnalysis $BTC
NUP Dominance Index #Bitcoin hits new yearly low of 59.2 points
This indicator represents the percentage of market in unrealized gains adjusted to an index.
Historically #BTC bottoms form as the indicator falls below 50–40 points signaling periods of capitulation🩸 #BTC Price Analysis# #OnChainAnalysis #Macro Insights# $BTC
The indicator has not yet reached the -25 -30 region, which historically has marked the depth of funds #BTC
This indicator is derived from the IBCI by calculating divergence between a fast/slow average to capture acceleration/deceleration of main indicator’s components, which are key on-chain metrics.
Confirmation of a trend reversal is clear when there is a change in the indicator’s polarity. In the current case bear market will only end when the indicator returns to positive values🟢
As the negative values become less extreme, they may signal an early reversal, though this signal has not yet materialized. #BTC Price Analysis# #Macro Insights# #OnChainAnalysis $BTC