For the first time in 3 years, Bitcoin’s Long-Term Realized Cap Impulse has flipped negative.
It’s needlessly risky to be buying here. Best move right now in my opinion is to stay patient.
Despite the bearish price action, Bitcoin continues to become more scarce.
6,460 $BTC has left exchanges in the last 30 days.
Don’t give up on the hardest asset in the world.
THE GAUSSIAN CHANNEL FLIPS RED
Every single cycle before this one, Bitcoin has bottomed AFTER the Gaussian Channel flips red.
Not before.
If history repeats, $60,000 was not the bottom.
Every time the STH NUPL turned positive, it signalled a great selling opportunity for $BTC.
Literally happened 4 times in a row since the new highs last year.