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We have been writing about Bitcoin entering into a bear market since early November.
And yes, we are in a bear market mostly amid demand exhaustion.
View are latest report here:
Julio Moreno
8,177 posts
Julio Moreno
@jjcmoreno
- #Bitcoin miner capitulation has reached levels comparable to December 2022: 7.6% drawdown. December 2022 marked the cycle bottom after the FTX colapse.
- Looks like #Bitcoin is not going below $10,000 anymore. We have passed the previous high of consecutive days above $10,000. Strong indication in past cycles. @pierre_rochard @danheld @coinmetrics @nic_carter @saifedean @100trillionUSD @bitstein @nsquaredcrypto @criptobastardo
- #Bitcoin price in different currencies and % of all-time high. New all-time high for Bitcoin in Brazilian Reals and Angentine pesos.
- Everyone talking about global M2 breaking out, but I'm looking at total stablecoin market capitalization: Fresh record high above $165 Billion. This implies higher liquidity in the crypto markets.
- Bitcoin price +5% today. Is the cycle turning? #Bitcoin Bull/Bear Market Cycle indicator is in EARLY BULL stage now (when line turns green). However, most of the cycle's return comes (obviously) in the BULL stage (when line turns orange).
- "Binance is experiencing a bank run". 1. No. Reserves are still moving within historical patters. Since 2018, Binance's Bitcoin reserves have never declined beyond 16% from their previous All-time-high. This would be the metric to watch. 2. For comparison see this metric for
- MicroStrategy announced a 480 #Bitcoin purchase at about $20,817. Now its realized price is $30,664.
- #Bitcoin price at $70K in March is different from price at $70K now. There should be much lower selling pressure from traders now as unrealized profits are low, 3%, compared to early March, 69%. Heavy selling has been exhausted according to this indicator.
- Bitcoin traders are experiencing the largest unrealized loss margin since the collapse of FTX in November 2022: -18.86%
- Bitcoin holders realized today the largest loss since August 2024: $1.7 billion.
