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This 🧡 contains references to my related content, which I will keep extending over time - so it is basically my own Proof-of-Work time chain ⛓️

Click on "show this thread" & have fun! πŸ‘‡

Today I realized that @WClementeIII & @woonomic's Liquid Supply Ratio divides illiquid supply by liquid supply (πŸŸͺ) & the version I shared yesterday divides illiquid supply by circulating supply (🟩)

Better to rename the latter Illiquid Supply Percentage to avoid confusion βž—

Long-Term Holder (LTH) Supply Ratio, a metric inspired by @WClementeIII & @woonomic's Illiquid Supply Ratio

Definition: LTH- / Circulating Supply

Examples:

1) Shows that LTH sell against market strength & buy @ weakness

2) Compare historical relative LTH possession

2/2 If we look at the inverse (liquid supply ratio), we see that with each halving, its growth slows down

As supply issuance slows & gets more scarce, holders appear to be getting less inclined to sell πŸ‘€

Imagine understanding this & still being long-term bearish πŸ˜…

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1/2 Looking at the Illiquid Supply Ratio that @WClementeIII & @woonomic recently introduced, which is easy-peasy with @glassnode's new work bench

2 observations:

1) Do halvings trigger coins moving to stronger hands? πŸ€”

2) Did the Illiquid Supply Ratio bottom this bear cycle?

Final results: bullish on all timeframes πŸ‚

I find the polarity on the yearly timeframe interesting; apparently (a bit) more respondents are convinced that the price will go down over the next year than over the next month

Thanks to everyone that participated! πŸ™
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RT @dilutionproof
1/3 Monthly market sentiment poll πŸ“Š

Please answer all 3 (weekly / monthly / yearly) questions in this short 🧡

RT to improve reach =…
twitter.com/dilutionproof/stat

By highlighting the periods with similar or more extreme relative liquid supply decreases compared to current values (the 🟩 fields), we really get to see how unique the current trend is and what usually happens to the price after a supply squeeze of this magnitude πŸ‘€

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Interpretation: the 2020 liquid supply decreases weren't as intense as those in prior cycles but lasted longer & were therefore more consistent

The May 2021 liquid supply increase also wasn't as intense as those in prior cycles, but is a bit similar to the 2017 mid-cycle fractal

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Toying around with @glassnode's new workbench, I created a supply-adjusted liquid supply change

⬜️: liquid supply change
🟩: supply-adjusted liquid supply change

Adjusting for circulating supply is helpful in comparing the magnitude of current & historical liquid supply changes

3/3 Third question: Do you expect the price to generally go down, sideways or up over the next YEAR?

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2/3 Second question: Do you expect the price to generally go down, sideways or up over the next MONTH?

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1/3 Monthly market sentiment poll πŸ“Š

Please answer all 3 (weekly / monthly / yearly) questions in this short 🧡

RT to improve reach = πŸ™

First question: Do you expect the price to generally go down, sideways or up over the next WEEK?

After a -driven πŸ‚ market (🟩) that was followed by a speculative (altcoin & leverage) & euphoric period (πŸŸ₯), we're now in a phase where stablecoin reserves are gradually flowing back into (🟧)

A healthy development IMO πŸ‘€

There is a lot of talk about the blockchain being a ghost town, but exchanges are feeling the cold shoulder as well, as the 7-day moving average of the total exchange transaction fees hits a low not seen since January 2020

is now trading around the top of the ~$30k-$40k zone where almost 20% of its supply last moved

Will its next move be a pullback to the middle of this range, or make a jump to the next on-chain volume zone?

Over the last year, there were only a handful of periods with a larger liquid supply decrease than the one that we saw yesterday

There appear to be some *massive* (~30k ) exchange net flows ongoing right now, mostly at @Coinbase

Always need to be a cautious because the can be internal flows or data errors, but the fact that they are visible in both @glassnode & @cryptoquant_com data is interesting πŸ‘€

Welcome back, volatility! πŸ₯³

Will the BPT2 ( Price Temperature = 2) Band (currently $40,693) act as resistance again on the way back up? πŸ‘€

We sure got that volatility! 🦍
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RT @dilutionproof
just had a +$3k intraday move, but the futures markets remain short

This will likely go down as a great setup for a short-squeeze by the πŸ‚, or as an important 🐻 clampdown of a relief rally

Either way, looks like we'll be seeing some volatility over the next week πŸ‘€
twitter.com/dilutionproof/stat

Fantastic 🧡 by @btcization on what happened to the price today
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RT @btcization
Yesterday pumped thousands of dollars within hours after weeks of sideways price action, and many might be wondering, why?

Here's a thread on derivatives, naked shorting, and $BTC accumulation

🧡
twitter.com/BTCization/status/

3/3 Current BPT Band values

BPT:
- BPT0: $13,528 (+0.17%/d)
- BPT2: $40,594 (+0.1%/d)
- BPT6: $94,726 (+0.08%/d)
- BPT8: $121,793 (+0.08%/d)

BPT-M2:
- BPT0: $15,339 (+0.14%/d)
- BPT2: $41,241 (+0.09%/d)
- BPT6: $93,044 (+0.07%/d)
- BPT8: $118,946 (+0.06%/d)

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