The short-term holder supply in profit/loss ratio is the lowest it’s ever been in the history of bitcoin.
Indeed, 95% of bitcoin $BTC held by short-term holders, those who bought less than 155 days ago, is underwater. Even with two 30% drawdowns this cycle, the speed and severity of the current drawdown have made it much more severe. Source: Joe Consorti, Frank @FrankAFetter
Is Michael Saylor's Strategy under attack?
Its mNAV is now negative - i.e the company's market cap is less than its BTC holdings.. Source: zerohedge
The spread between tech and Bitcoin is stretched to historic extremes.
Either $BTC reclaims ground, or $NQ has unfinished business on the downside. Source: Trend Spider
Fitch Upgrades Greece to BBB, Outlook Stable
Source: Source: Christophe Barraud @C_Barraud Bloomberg
Will Bitcoin bounce soon?
Bitcoin's sentiment is at the LOWEST level in over a year. The last 4 times this happened, Bitcoin bounced immediately. $BTC Source: Subu Trade
Bitcoin $BTC's Q4 is already worse than 2022 and 2019.
Source: Cointelegraph
Mom, can you come pick me up?
I'm scared. Source: Trend Spider
Bitcoin's weekly RSI is at its most oversold level since the April bottom, the end of last summer's 'chopsolidation', and the end of the last bear market.
Source: Joe Consorti @JoeConsorti
