𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 @Negentropic_ Twitter profile

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin Long Term Holders have added 2.35M $BTC to their stacks since their supply bottomed out in March. In that same period, only 180k $BTC were mined. This means LTHs have hodled 13x more coins than were produced via fresh issuance over the last 7 months.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Looks like the move to $44k was led by spot demand. Every sustained #BTC bullish move is led by the spot market.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Just released Uncharted #4 , hope you all enjoy! We are currently closing in on the second of 3 major market tops in this #Bitcoin bull run.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

70% of #Bitcoin Short Term Holders are now at a loss. Soon, panic sellers will run out of profitable coins to sell, at which point downward pressure will disappear.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

If you’re scared, just remember what the #Bitcoin long term holders are doing right now. Don't let the vola flush you out, think long term.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin exchange flows reversing again as investor confidence is returning.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin supply starting to dry up again.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

This Friday $6 billion in options contracts are set to expire. #Bitcoin price expectations for April are high with lots of investors placing their new bets on $80k.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Such an incredible indicator for buying the #Bitcoin dip. Today's 'LTH SOPR (24h MA)' reset:

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Strong #Bitcoin support building around this $58K area.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

$BTC net transfer vol from exchanges just flipped negative again.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

More #Bitcoin supply moving from the impatient to the patient.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

10 months

Altcoins are ready to fly! 🚀 We have had a period of CONSOLODATION after the Break-Up of the Rounding Bottom formation. The next phase is ACCELERATION! This is where the Altcoin Season sends #Crypto flying. The market will double and triple a matter of few weeks to months.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

One of the main differences between the May 2021 (A) crash and the current (B) is the amount of #Bitcoin flowing out of exchanges.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Once again strong insti dip buying. Whatever #Bitcoin lows we will see this summer, they won't be for long. Might as well hodl through.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

What defines a healthy rise in #Bitcoin 's price? ...one that is backed by on-chain volume! When the price increases too fast without allowing blockchain activity to catch up, it is often not sustainable. @woonomic 's NVT is a classic and still looks beautiful.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#BTC supply and demand dynamics HODLers accumulate at a discount, buying off panicking short-term holders.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin 's illiquid supply has been increasing for the past 214 days. Surpassing the 2020 accumulation. #BTC selling pressure is fading. See for yourself 👉

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Just released Uncharted #5 , hope you all enjoy! We might reach a #Bitcoin local top like the first peak in 2013 soon, that then sets us up for the global top at the end of 2021 or beginning of 2022. Dive in:

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin aSOPR metric has reset back to 1.0. In a bull market this usually signals: - Top buyers are realizing losses (flushed out) - Profitable coins (HODLers) are staying dormant - Reasonable probability for a price bounce Live Chart:

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Mind blowing how #Bitcoin supply just keeps drying up more (3 year ATH) despite recent price volatility. The fundamental dynamics seem different this time around compared to the last cycles.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin balance on OTC desks continues to decline as bigger players continue to accumulate at these lower levels.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin difficulty ribbon is soon to signal a positive recovery as more miners come back online. The last comparable event was following bear market capitulation in Dec 2018, which took 164-days to flip positive. The current mining recovery has taken 120-days.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

9 months

"History does not repeat itself - but it often rhymes" (Mark Twain) #BTC has moved to the 6.618 Fib Extension after a Bull Flag Correction. We are currently in a small correction like in late 2017 and late 2020. Will History rhyme in 2024 - and BTC move to its 6.618 Fib

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin is at a critical level. RSI is oversold and trending up. If the price fails to break above $40k, we go down to support. Support: $34-$36k Resistance: $43-$45k See for yourself in the latest Uncharted

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Another bottom again according to SOPR #Bitcoin

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Lots of the recent selling was done by investors that bought #Bitcoin during the last couple of months.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

8 months

Nothing rallies in a straight line. Not even #BTC BTC has been on a tear. In late January BTC was at 38K. I early March it was at 72K. No moves without a counter-move. And a counter-move seems to be near. We observe Negative Divergence - as BTC has rallied into its highs in a

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

In the last hour alone, nearly $500M in #Bitcoin Longs got liquidated, this is a historic ATH. There is excess greed in the system, with 60% of contracts levered 20x or more. Long liquidations are an artifact of the current bull market.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Strong #Bitcoin support around this $55k area confirmed by both on-chain and trading volume - shouldn't drop below it for too long. Definitely still expecting at least one more leg up. Our current view on the market:

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Many folks in it for the long term #Bitcoin

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Despite recent volatility, #Bitcoin supply is still drying up at astonishing rates for this time around in the cycle.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

1 year

Bitcoin's Last Consolidation Phase 📉 Dollar expected to peak at 106 level, setting the stage for a prime bitcoin environment. 🍂 Up next: Bitcoin aiming for 37K before soaring higher in the autumn ! #Bitcoin #DollarIndex @HenrikZeberg

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

The amount of consolidation #Bitcoin has seen since January is unreal. It really allowed fundamentals to catch up and indicators to reset. Looks like $48k is the new $35k now. @glassnode

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

10 months

Welcome to the Altcoin Season! 🎯BTC Dominance has topped. Clear roll-over of RSI and MACD. Top is in - and much lower levels should be seen as Altcoins outperform #BTC . Altcoins index looks explosive. 🎯Altcoin Season is the phase where Bullishness and FOMO take over - and the

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

While retail investors panic sold, institutions bought this recent #Bitcoin dip.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

8 months

#ALTSEASON IS HERE! Altcoin index has soared 24% in February alone. Much more to come the coming weeks and months Did you join the rally? @HenrikZeberg #BTC #Crypto

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Highest realized daily losses recorded in history. This shows how many investors support the 30k #Bitcoin level. A coin realizes a loss if the price at its last movement was higher than the price of its current movement.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Spring is unloading, with fundamentals looking great. Tactical indicators such as Funding rate, SOPR and ASOL are all in very healthy territory, all giving #Bitcoin lots of energy for this next leg up.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

#Bitcoin Futures to Spot volume ratio looking quite nice here- A deep book is fundamental to the next leg up- the spring is loaded.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

@glassnode charts paint a thousand words #Bitcoin

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

#Bitcoin major support $48k

𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

The amount of consolidation #Bitcoin has seen since January is unreal. It really allowed fundamentals to catch up and indicators to reset. Looks like $48k is the new $35k now. @glassnode

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Liquid #Bitcoin Supply Change during major pullbacks this bull run vs 2017... Float in the network keeps decreasing, no matter if price goes up or down - this just indicates the insane amount of hodling and confidence right now.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Tactical Indicators such as SOPR and Funding Rates have just entirely reset back to healthy levels. #Bitcoin bottom should be in for now.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

5 months

When the FED cuts - then the Bull Market is almost at its End and Recession closing in. Wil Fed cut in July or August? Will #Equity and #Crypto Market peak in September? Will #Recession set in Q4? @HenrikZeberg

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin is bottoming and is in the bullish zone. Low spending behavior converges with less profit-taking. The capitulation period is coming to an end. Read more here 👇

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin highly undervalued according to the S/F Model as the deflection ratio nears record lows.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

1 year

3rd time's a Charm? #BTC has been consolidating above the neckline after finalizing the major Bottoming Pattern. #DXY seems to have topped and is ready for a larger descent. The structure for BTC seems to be shaping up a Rising Diagonal. Will wave 5 become "The Charm"? 😉

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin RHODL Ratio holding up in this range for ~8months. Sideways ranges are uncommon for this metric but usually occur during the accumulation phases at the end of bear markets, or in deep mid cycle corrections.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Increasing illiquid #Bitcoin supply + decreasing liquid supply = fewer coins available to meet demand. We expand on the likelihood of an upcoming supply shock here 👇

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 months

Rotation coming? Yesterday, we saw how #Nasdaq declined >2% - while #IWM rallied >3%. This is a clear indication of Rotation. The move to riskier assets. Will we also see this is #BTC and #Alts ? Well - in November 2020, we had a day just like yesterday. IWM soared and

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

With all that frictious leverage wiped out of the system #Bitcoin is unstoppable.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin Lightning Network⚡️metrics continue hitting all-time-highs this week. Lightning Node count hits 15.6k Total channel count is up to 73k Channel capacity is up 22% in Sept to 2,904 $BTC Live⚡️Dashboard

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Investors aren't selling, they are simply on holiday. #Bitcoin

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

The US Government sits behind MicroStrategy and Grayscale in #Bitcoin holdings, owning more than $TSLA. If the US decides to sell, big players will get a huge opportunity to buy in bulk.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

7 months

Everybody is BULLISH #DXY . So - it must move higher, right? Structurally - it seems like the rally is coming to an End. Rising Expanding Wedge - and sentiment is at 88. We have in fact seen similar pattern before.... in March 2023. Only this time - it is a part of a wave 2 -

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

9 months

While you blinked and worried about #BTC pullback in January, #Altcoins market has already begun the phase of "Acceleration" We are in "January 2021" - only this time in 2024 the Bull Market could be more extreme! Are you ready for the Altcoins Season and Euphoria? 🚀🚀🚀

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

The #Bitcoin investor group that is realizing most losses is the short term speculators.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Low ST Holder Supply in Profit combined with a low Stablecoin Supply Ratio, indicates lots of sideline money waiting to be reinvested into #bitcoin . Deep dive in @glassnode 's latest Uncharted 👇

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

The odds of a supply shock are increasing once #Bitcoin demand kicks in

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

#Bitcoin 's price has now caught up to the Stock-to-flow ratio again. When comparing the first 10 months of this bull market to that of early 2017, it is clear that this current cycle is in hyperdrive.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin balances on exchanges flattening out again after a large wave of inflows in May.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Traders in #Bitcoin futures markets remain reasonably bullish with a positive funding rate returning to perpetual swap contracts. Note how funding rates are positive, but not up to the same level as before the $10k sell-off last week The #Bitcoin market is bullish, but cautious

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Even though #Bitcoin prices declined this week, older hands are still not spending their coins. The average age of spent outputs continues to decline showing they still have conviction, even when markets look the most intimidating.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Just published this week's market update, Uncharted #3 ! We are in the middle of a supply transition from long term holders to short term holders. However, this time it's going much faster than in 2017.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

#Bitcoin Short-Term Holder Supply always increased in the ramp up in past bull markets, and acted as an important trend reinforcer. This cycle is no different. This is not the top.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

1 year

DXY Reaches Its Peak, Signals Possible End to Bitcoin Consolidation Fireworks in #BTC and #Crypto are expected to begin for real below 100 on #DXY . For now, we seem to have top in in #DXY as expected - and consolidation in BTC since April has come to an end. A completely new

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Confidence in the continuation of the #Bitcoin bull market during this pullback seems to be higher than for the previous dip in Jan. This chart is a great proxy for long term holders' sentiment. The more negative, the more they are shitting themselves and take profits.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

8 months

Recession is coming! Analyst, Banks and The Conference Board are all cancelling their Recession calls. We are NOT! The Swissblock Business Cycle Model has correctly forecasted EVERY Recession for the last 80 years. We have a Recession signal. The Economy will slowly

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

New ATH in #Bitcoin Futures Open Interest. More fuel for the next leg up.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 months

ETH to ~7500 USD as a Final Top? If we look to ETH history, we observe how we in early 2021 had similar pattern for ETH developing. See YELLOW MARKINGS! We believe Market moves in structures. And this structure gives us a target at ~7500 as a Final High for #ETH . That is the

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Large amounts of capital on the sidelines waiting to get back in. #Bitcoin

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

The #Bitcoin Lightning Network keeps on growing. 9.2k new nodes have been added to the network in 2021 alone. This is a 111% growth rate in operating hardware YTD. The network currently has 11,464 LN nodes online. Live Chart:

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin Exchange net position change has returned to neutral. This indicates that inflows are equal with outflows, but neither is larger over the last 30-days. Whilst not quite as bullish as outflow dominance, this market structure is similar to what we saw back in Dec 2020.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

The impact of Long Term #Bitcoin Holders taking profits is less evident now than during January's peak.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Haven't seen LT holder position change flip green since October last year. Looks like new market entrants did a lot of that recent #Bitcoin panic selling.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Next week will be important for #Bitcoin as intra day correlations to equities are falling again. We'll deep dive into some important macro dynamics in Uncharted #6 next week.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

The market is a device for transferring money from the impatient to the patient - Warren Buffett

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

In a bull, always keep an eye on SOAB! Hot flames (dark color) represent long term #Bitcoin holders taking profits, and usually indicate that the top is in (i.e. early 2018). At this stage, no reason to worry whatsoever Add to your @glassnode Dashboard:

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

9 months

EVERYTHING is about DXY. Strong DXY —> Risk Assets struggle. Weak DXY —> Risk Assets rally. DXY top was in October 2023. First leg until late Dec. 2023. In 2024, DXY has been bouncing. We believe this has been a wave 2 Bounce - and that it is DONE!" Now - much DXY decline.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Even though #Bitcoin sits just below ATH, the total number of Coin-days Destroyed over the last 90-days is near all-time-lows. This means over the last 3 months, old coins have remained mostly dormant on-chain. Blow-off tops usually see large spikes in CDD-90 as investors exit.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin exchange balances have returned to 13.1% of circulating $BTC supply, winding back the clock on inflows to Feb 2018. The all-time peak exchange balance was 17%, hit on the exact bottom of the March 2020 sell-off. The trend changed that day.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

A few #Bitcoin holders were shaken out over the last week, realising losses on-chain. Stronger hands stepped in and bought the dip. As $BTC breaks above $48k, net realised PnL has returned positive, and the market is absorbing those profitable spent coins.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

More stablecoins converted to #Bitcoin as the price consolidates. Once the rally begins, money will flow to riskier altcoins. Read more here👇

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

7 months

#Bitcoin How do we need to study #BTC ? If we look at BTC in a normal chart, the target in the #BlowOffTop seems to be ~112K. However, if we look at BTC in a log chart, we may have ~250K as a target. Still we notice the long-term divergence. There is an End Date to the rally

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

4 years

Dear @glassnode subscribers, in today's Uncharted #6 special edition we're exploring the now more than ever important connection between #Bitcoin and the global macro world. We hope you enjoy!

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

6 months

#BTC Finally making the bigger move 🚀 We have been waiting for the trigger for the release of larger structure since March high. Today we got that. CPI low and bad numbers for Retail Sales. This opens the door to more Dovish stance from the Fed. #BTC and Market liked that 🚀

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin is trading at a liquid range of $42-$45k. Low volume over the weekend can cause abrupt price swings. #BTC Risk signal at the high-level threshold.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

6 months

#BTC currently in process of breaking trendline of Pennant and the 50 Daily SMA When the level 65-66K is broken - BTC will move on to first 73.5K - then 76.5K and chances are that we see 85.2K before the Summer.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

7 months

Did DXY top in Expanding Diagonal? We think it did - and the downside will bring a lot of tailwind to #Crypto and #BTC @HenrikZeberg

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

Liquidation sizes decrease as #Bitcoin is squeezed into the $38-$42k price range (B). Long liquidations continue to dominate. The next big move is confirmed once we break the $36-$45k range (A).

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

2 years

#Bitcoin 's $17k - $20k support level is one of the most heavily traded ranges. Will it be enough to resist external factors pressuring the price down? - Optimistic scenario: $27-$32k - Pessimistic scenario: $9-$13k Find out in our latest Uncharted 👉

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

1 year

Will #BTC reach 98X the price of #Gold BTC-Gold ratio seems to be ready to fly. RSI rising and >50. MACD in Bullish Cross-over and Rising. Fibonacci extensions gives the likely extension levels. Will we see #Gold ~1200 and #BTC at ~120K These levels are consistent with

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin short-term holder capitulation is over. Unrealized profits show hope as #BTC closes the week above $46k.

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

6 months

#BTC has recovered some ground after Decline of the last couple of Weeks - and has broken higher. #SP500 and #Nasdaq look like they are on the move higher as well. So - what about #ALTS ? Technicals say that we may be standing right in front of a massive move. RSI and MACD

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

#Bitcoin Long Liquidation Dominance rose above 65% during the recent sell-off. This is even higher than the sell-off earlier this month suggesting many leveraged traders tried to catch the falling knife...

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

3 years

MicroStrategy buys an additional $190mn Smaller entities are buying #Bitcoin in bulk Significant institutional flows into $GBTC and Purpose #BTC ETF Fresh new capital entering the market, mitigating the risk of a strong correction. Read more here 👇

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𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰

@Negentropic_

11 months

3rd time a Charm? When #Crypto starts its move - it goes vertical by the end of the move! The journey has just begun. And RSI is in the "Extremely Bullish" Zone. Are you strapped up for this move? Extreme Euphoria may likely be seen by end the rally. @HenrikZeberg #bitcoin

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