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Rafael
@n3ocortex
Ex-neuroscientist | Python Maximalist | Swing HODLer | Data Scientist | Co-founder @glassnode
- 1/ Still think $BTC is sitting on somewhat shaky legs here. Participation and demand continue to look pretty thin. A few datapoints I’m watching, and what I’d like to see turn around for a sustainable recovery 🧵👇
- Good analysis. Also looked into it, and imo the main reason is that STH-RP hasn't been falling as fast as in previous bears. STH grind rather than the quicker selloffs we've seen in earlier cycles. Definitely worth watching closely to see if/when the cross-over happens.我知道，很多对链上数据有研究的小伙伴，都在等待这个信号 ——STH-RP < LTH-RP。 意思是，每当短期持有者的平均成本（STH-RP）低于长期持有者平均成本（LTH-RP）时，都是熊市的底部。 这在过去3轮周期中该信号从未出错。所以，众多分析师将其作为核心底部特征。 对此，我想提出2点建议：
- As requested: the cycle position composite as a time-series 👇The #Bitcoin Cycle Position Heatmap Red when euphoric, blue during capitulation. Today it sits in its coldest stretch since FTX: late in the bear, but not yet the unanimous deep blue that previously marked a floor. Always look for confluence when aiming to call a bottom.
