On-Chain College

On-Chain College

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- Bitcoin Analyst since 2021 - Crypto Class of 2017 - Analyst @ Bitcoin Live - Data over Emotions - Subscribe to The OCC Newsletter below

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On-Chain College

Funding rates have been flipping negative on @binance since February as BTC grinds around $60K. Shorts are paying longs now, the exact opposite of what we saw at $120K.

On-Chain College

Bitcoin will retest the True Mean Price (blue) again, currently sitting at $78K. But patience is needed. And lower prices from here first should not be a surprise to anyone.

On-Chain College

The easiest and hardest thing to do is to do nothing. Patience is a Virtue with Bitcoin.

On-Chain College

Thinking that you can outsmart price action in the short term usually ends poorly. Now, couple that with shifts between bombs & peace talks & the volatility that creates in markets. Zoom out with Bitcoin and understand your personal plan clearly so you know the levels well.

On-Chain College

More than 41% of the Bitcoin supply is currently sitting in LOSS. Put differently, 8.3 million BTC are sitting in the red right now. Even still, history suggests that more pain/consolidation is needed before reversing out of this.

On-Chain College

Bitcoin bulls will want to see price maintain above the Mayer Multiple's low level of $74.3K. Failure to do so will rhyme with the last bear market.

On-Chain College

Bitcoin Short-Term Holders are selling in profit for the first time since January. The key level to watch is the STH Cost Basis at $84.8K. Last time, price was rejected there before crashing. Need to see a clean break through this time.

On-Chain College

My latest Bitcoin article is published (link in bio and below). I clearly describe my current position and plans go-forward for BTC. Have a great weekend, everyone.

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