The share of ETH supply sitting at more than 3x profit has dropped to 11%, the lowest reading since February 2017.
What makes this cycle structurally different?
In the previous two cycles, this cohort exceeded 50% of total supply at peak. This time, that threshold was never reached. ETH's profitability profile has fundamentally compressed relative to prior cycles.
What makes this cycle structurally different?
In the previous two cycles, this cohort exceeded 50% of total supply at peak. This time, that threshold was never reached. ETH's profitability profile has fundamentally compressed relative to prior cycles.
A Market in Repair
$BTC fell to nearly $60K as losses mounted and recent buyers came under pressure. Yet improving liquidity, stronger passive bids, and patient ETF holders suggest the market may be building a floor.
$BTC fell to nearly $60K as losses mounted and recent buyers came under pressure. Yet improving liquidity, stronger passive bids, and patient ETF holders suggest the market may be building a floor.
Forex signals
$ETH just broke above 1,800, and the real challenge starts now. It needs to reclaim February's former support and turn it into support again to confirm a mid-term bullish trend. If it fails, a rejection could follow, and new lows may be unavoidable.
$ETH failed to break out, and the bearish structure remains intact
Hello everyone,
As Bitcoin sits around the 2021 highs, the support is becoming increasingly fragile.
This correction feels different from previous cycles. The influx of new retail investors has largely dried up just as institutional demand has started to weaken. Rather than moving into defensive assets, many investors are rotating capital into AI-related opportunities, draining liquidity from the digital asset market.
As a result, there is a high probability that this support could break. If it does, the $40K area is likely to act as the next major support, while the $30K region could ultimately mark the cycle bottom.
In my view, the market is going through a brutal cleanup. I expect the bottom to form around November or December, setting the stage for the next major bull run.
As Bitcoin sits around the 2021 highs, the support is becoming increasingly fragile.
This correction feels different from previous cycles. The influx of new retail investors has largely dried up just as institutional demand has started to weaken. Rather than moving into defensive assets, many investors are rotating capital into AI-related opportunities, draining liquidity from the digital asset market.
As a result, there is a high probability that this support could break. If it does, the $40K area is likely to act as the next major support, while the $30K region could ultimately mark the cycle bottom.
In my view, the market is going through a brutal cleanup. I expect the bottom to form around November or December, setting the stage for the next major bull run.
👍2