Chris Beamish 🇨🇭

Chris Beamish 🇨🇭

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BD @ http://SwissOne.Capital Crypto Asset Management | Smart Top 50 Crypto Index | Not financial advice. | I love me some magical internet monies #BTC #ETH

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Chris Beamish 🇨🇭

The LTH cost-basis heatmap highlights a dense support cluster in the low-$60Ks, where long-term holders are heavily concentrated. Overhead, supply thickens near ~$80K, forming a key resistance level. This range defines the current supply battleground. glassno.de/4r1nkh1

Chris Beamish 🇨🇭

$BTC MVRV Z-Score has now compressed to its lowest level since Oct 2022, last seen as price traded near $29K. This is a solid reset in unrealised profitability, with the market reverting toward fair value after the prior expansion. glassno.de/4c7xl7Q

Chris Beamish 🇨🇭

$BTC slipped below the avg cost basis of US spot ETF holders (~$84k), putting ETF buyers in net unrealised loss. First real stress test for a cohort that’s been resilient, unfazed bidders. Key now: do dips get bought, or do we see some panic? glassno.de/4ka5RQV

Chris Beamish 🇨🇭

$ETH is trading on a dense cost basis cluster, a key breakeven zone for many holders. Holding here suggests absorption and base building, but a breakdown would move price into thinner support where underwater supply may derisk. Next move hinges on this level. glassno.de/4adgr6p

Chris Beamish 🇨🇭

$BTC is approaching a key inflexion point. Reclaiming the STH cost basis would signal that recent buyers are back in profit, typically a prerequisite for momentum to re-accelerate. Failure to reclaim keeps the market in recovery mode. glassno.de/3ZevZQX

Chris Beamish 🇨🇭

$BTC Sell-Side Risk Ratio has compressed back to lows not seen since Oct '23. Indicating that realised profits and losses are occurring at relatively low multiples, pointing to subdued conviction behind distribution at current price levels. glassno.de/3NgzZ0J

Chris Beamish 🇨🇭

$BTC has retraced back toward the average cost basis of US spot ETFs. That puts a large share of ETF holders around breakeven here. This zone is important imo. Either fresh demand steps in, or pressure builds as holders reassess risk. glassno.de/4pMradi

Chris Beamish 🇨🇭

Long-Term $BTC Holders continue to distribute and are ramping up their selling with sustained supply hitting the market. glassno.de/4s4xfn6

Chris Beamish 🇨🇭

US Spot #Bitcoin ETFs now hold an average cost basis near ~$83K, with BlackRock and Fidelity clustered slightly below. It will be interesting to see if these cost basis levels are defended or not. glassno.de/4pXlE7h

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