A quick 🧵 to keep things in perspective folks.
Only 38 days in all #Bitcoin history have ever had a closing price higher than where we currently are at $61k.
charts.checkonchain.com/btconc...…
What is this, a #Bitcoin dip for ants?
charts.checkonchain.com/btconc...
The Compound Annual Growth rate of #Bitcoin over a 4-yr cycle is over 72%.
That smear of colours down the bottom, that's the CAGR of traditional assets over the same period.
No competition.
charts.checkonchain.com/btconc...
On a shorter timeframe, the Monthly and Quarterly return profile for #Bitcoin has been extraordinary, punching +1sigma performance not once, but twice since October last year.
This comes despite the toxic overhead supply held over at $GBTC continmually unloading tens to hundreds of millions worth of corn daily.
I think folks underindex just how much sell-side pressure has been absorbed over the last 6 months.
It's massive
charts.checkonchain.com/btconc...
The #Bitcoin Realised Cap continues to punch new ATHs, with more than $560B in wealth invested and stored in $BTC.
Liquidity inflow indexes over 30 to 180-days remain positive.
charts.checkonchain.com/btconc...
The AVIV Momentum indicator also remains in positive territory, with all timeframes hitting higher altitudes on each successive peak.
A cooldown is underway on the faster 30-day indicator, which is what we want to see for a proper reset.
charts.checkonchain.com/btconc...
Don't let your confidence be shaken by short term noise folks.
We have a wealth of data and information available for #Bitcoin which we can use to keep ourselves grounded.
Keep an eye out for my situation analysis published tomorrow for subscribers
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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