Podcast Episodes
Back to SearchLTH Hold a Record 16M BTC as MVRV Approaches a Three-Year Low
Episode 201
A brief on BTC approaching the LTH cost basis and why long-term holder behavior points to the market nearing the final phase of the bear cycle.
3 months, 1 week ago
135K BTC Has Left US Bitcoin ETFs
Episode 200
A brief on how demand from spot Bitcoin ETFs has completely dried up and turned into a sustained outflow. As long as momentum stays near historical l…
3 months, 1 week ago
Fifth month of selling at a loss, but holder support still sits below the market
Episode 199
Net realized P/L is persistently negative, which means the market is systematically locking in losses. But the cost basis of most holder cohorts is s…
3 months, 1 week ago
Strategy (MSTR) is down 78% from its peak
Episode 198
This brief is about how MSTR's deep drawdown and Strategy's shift from aggressive buying to defense are changing the role of the largest corporate BT…
3 months, 2 weeks ago
Bullish demand has dropped to zero - fuel is now on the side of the shorts
Episode 197
A brief on how bullish demand has run out and momentum is shifting to sellers: Net Taker has pulled back to zero, while long positions dominate liqui…
3 months, 2 weeks ago
Short-term holders are losing capital: -56%, while LTH show almost no drawdown
Episode 196
This brief is about short-term holders moving into loss while capital inside the STH group is shrinking sharply. At the same time, the LTH group show…
3 months, 2 weeks ago
Fresh capital is not entering Bitcoin, support is holding at $58.4K
Episode 195
Price is compressing toward Adjusted Realized Price as the main support zone, while the change in new capital inflow has turned negative. For now, th…
3 months, 2 weeks ago
Gold was bought back, Bitcoin was not: BTC fell below $64K after the Fed
Episode 194
This brief is about the Fed's hawkish pause and how differently assets reacted: gold was bought after the drop, while Bitcoin remained under pressure…
3 months, 3 weeks ago
The Second Capitulation Wave Is Almost Twice as Weak as February’s Panic
Episode 193
This brief is about the second wave of capitulation and why the fading strength of the selloff matters more than the panic itself. The logic is simpl…
3 months, 3 weeks ago
$60K becomes the new accumulation zone: the cycle's potential bottom is $48K
Episode 192
This brief is about how holder conditions and fundamental valuation have converged in the same zone. Supply moved deeply underwater around $60K, whil…
3 months, 3 weeks ago