On-Chain / Derivatives Bitcoin has continued to persist in a zone of extreme value. The cost basis of Short Term Holders is less than that of Long Term Holders which is an occurrence that has thus far been unique to bear market bottoms. There are two factors contributing to the…

Bitcoin On-chain and Derivatives Despite the mild upward price action of the past few days, BTC is still below its realized price of $21.3k. Bitcoin: Realized Price Valuation metrics are still showing that BTC is extremely cheap right now. LTH/STH Realized Price, Puell Multiple, MVRV Z-Score, and Market Cap to…

Bitcoin is 70% down from its all-time high in November 2021. The Fed is raising rates to tackle it and inflation is a problem.

Bitcoin On-Chain and Derivatives Markets have rallied after the Fed has announced they’ve raised rates another 75BPS, with Bitcoin leading the charge up 15% from its lows this week. An important weekly level for BTC to reclaim is its 200-week moving average, currently at $22,800. Monthly also appears to be…

Bitcoin On-Chain and Derivatives Bitcoin has seen one of its furthest deviations from its 200-day trend in history, the only times its ever been this far below are highlighted below in green: 28K as resistance would also align with an underside retest of short-term holders’ cost basis; an occurrence we…

Bitcoin on-chain & derivatives BTC has seen a bit of relief this week, looking at its most giant weekly candle since April. BTC loves to break records, and last quarter was officially its worst quarter on record. With it in the mirror, look onto Q3; which has ironically been the…

This has been an entertaining quarter for the crypto market with just about everything that could go wrong has gone wrong. This has been the worst quarterly candle for Bitcoin on record, down over 50%. This has been one of the worst 2-month stretches for the asset in its history…

Bitcoin has experienced one of its further deviations below its 200-day trend in history, the third-lowest in the last 10 years. Strong likelihood of oversold conditions which means reversion. Bitcoin sits below its 4-year trend for just the 3rd time ever.

Bitcoin On-Chain and Derivatives Bitcoin temperature bands tell us how many standard deviations market price is from the 4-year trend. Bitcoin is approaching its 4-year trend, sitting just above $21K. This has put pressure on short-term holders, with the percentage of total supply in profit held by STHs retesting historical…