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…

Bitcoin On-chain, Derivatives, Price Action Bitcoin has seen a sharp correction for 7 weeks in a row, pushing as low as $25K this week. These last few days have a resemblance of some capitulation and likely a local bottom, with the largest 3-day volume bar on Coinbase since May 19th…

Bitcoin Price Structure, On-chain, Derivatives BTC still sitting below the $47,000 area we view as momentum. This currently sits at $47k and is based on a confluence of indications of market structure. Below you have one of these indications; the 180 weekly exponential hulls moving average. This is essentially a…

Price Price sits between value and momentum thresholds, with the value being in the low-mid $30,000s and momentum above $47,000. On-chain/Derivatives: In blue the short-term holder cost basis, in orange, a ratio of realized price-liveliness; called HODLer implied price. A bullish scenario based on this chart would be the push…

Summary: — BTC's correlation to Nasdaq is at unprecedented levels. Beneath the surface continuing to see the accumulation. The 5 indicators of the strong fundamentals of the Bitcoin network updates. Bitcoin On-Chain and Derivatives From a price structure standpoint, Bitcoin is still in “no man’s land”(with respect to the value/momentum framework mentioned in previous posts. …