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Tom | On-Chain Mind

Following0Followers (X)13.87KPosts263Likes10.72K
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Buying "Extreme Fear" and selling "Extreme Greed" lost 5.8% a year on Bitcoin. Over the same period, price rose almost 9x. I ran 44,000 backtests to find out why, and one signal inside the index delivered 24x the return of buy and hold with half the drawdown👇🏼

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Bitcoin hashrate is finally turning back up after the longest bear market for mining we’ve seen. But it’s still almost 10% below its all-time high. A recovery seems to be underway. https://t.co/Uxt3ElSEsW

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A correction from $85K to $80K and suddenly my feed is flooded with red thumbnails screaming the bear market is back. What happened to the hardcore Bitcoiners from previous cycles? We wouldn’t have even blinked at a 5% blip back then. Now everyone’s losing their minds.

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Bitcoin’s Capitalised Price is sitting at $82K. Unlike the Realised Price, which gives every coin one vote, Capitalised Price gives every dollar invested one vote. It reveals where the bulk of capital entered the market, and how far apart investors’ cost bases really are. https://t.co/tdmxU7Eqq0

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Bitcoin’s Volatility Waves sits at 44 versus a 5-year average of 65. Low volatility isn’t safety. It’s stored energy waiting for a catalyst. https://t.co/KIKDgyaXB7