This is the best chart in #Crypto & #Bitcoin The representation of the current status of the markets can't be explained by a better chart. My thesis: - The markets have peaked in December '24. - The markets are bottoming during this month. - There's a strong bull market for 2026 & 2027. The main reasoning is that there's a strong case for the markets being tied to the macroeconomic behavior overall. Crypto doesn't move independently anymore, no, it's connected with all the other markets and is being treatened as a risk-on asset. As a matter of fact, a very risky risk-on asset. That's primarily why the previous year has been awful and confusing. The year 2025 should have been the year where the markets have been seeing a tremendous amount of growth. Fundamentally, this has definitely been taking place, but ironically, price didn't follow narrative, yet. Stablecoin adoption has gone vertical. The same has been happening during 2019/2020 and during that same period, $ETH didn't move. Until it did and that's where the actual ROI kicked in. Why are the markets not surging? Why do they keep crashing down? This comes down to several reasons. Asset managers are allocating capital towards gold and silver, saw volatility spike within that market and to balance the risk parameters, they were forced to sell other assets to balance it out. Once volatility goes down on Gold and Silver, that's the moment the allocations are going to be pushed more towards Bitcoin. Additionally, macroeconomic landscape hasn't been well. As the chart shows, the business cycle is on its weakest point in the past fifteen years and has just seen the longest bear market in history of crypto. That results into an extended period of pain for any holder of altcoins. Absolutely awful. However, what the chart also shows is that there's a strong indication that the markets are about to trend upwards. Every time the business cycle and liquidity are on this level, that's the moment where the markets are turning upwards for risk-on assets like altcoins and #Bitcoin. Now, 2024 has been a great year. Altcoins did do well, we've had memecoin fiesta. However, it was still a very slim bull market, as the liquidity wasn't spiking during that year. What to expect? Bitcoin didn't spike yet, not even close. There's not been mania, there's not been euphoria. Nothing. The best part: the ceiling has raised significantly with the recent rally of Gold. Matter of time until Bitcoin picks up momentum, as it follows Gold nicely. Now, the coming months are going to be decisive for the markets. The best thing to look out for are macroeconomic factors: - Gold & Silver to stagnate and go down in volatility = good for #Bitcoin. - Bad economic data in the US = lower yields = lower interest rates = more money printing from the FED = good for #Bitcoin. - Japanese Yield going down = good for Bitcoin. These are the core metrics to look out for, and, to be honest, I think that we're in good shape from here. Be fearful when others are greedy, be greedy when others are fearful. Credits for the chart to @TechDev_52.