


For all the "Bitcoin will follow gold" crowd... This chart tells a very different story. Every time we’ve seen GLD/SPX rally sharply, BTC/SPX has underperformed for months afterward. 📉 See the shaded red zones – they highlight periods when: GLD/SPX (gold line) made strong relative moves, BTC/SPX (aqua line) lagged or outright dropped. We're in another one...
ETH txn fees have historically been a good indicator for marking tops
Previous tops were around when the kimchi premium was above 8%. trade idea 1 : Buy bitcoin when the price moves up but the premium goes down(disbelief rally) trade idea 2 : SOL could run hard *again* (assuming SOL is this season's ETH)
Just two squiggles crossing each other. NFA Crypto is highly circular. It will return, but requires a lot of time for people to recover from their losses during 2020-21. Considering poor Macro conditions, it could take longer, but the asset class is becoming more mature so I think there will be faster cycles. Not confident that BTC will reach ATH after losing...