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$125K Bitcoin, soon

99.999% of the people that have ever bought Bitcoin are sitting in profit right now

New ATH for Bitcoin yet realized profit is significantly lower than the last two local tops and prior cycle tops. HIGHER

Bitcoin is ready to run

Bitcoin hit an All-Time High with significantly lower funding rates than the prior two local tops, all while we're heading into The Bitcoin Conference with the most bullish backdrop in BTC's history. Buckle up, as David Bailey🇵🇷 $1.0mm/btc is the floor says.

Bitcoin is the Answer

$GME - GAMESTOP SHARES UP 5.6% IN US PREMARKET; CO ANNOUNCES PURCHASE OF 4,710 BITCOIN

GameStop buys 4,710 Bitcoin. Game on for Corporate Game Theory 🙌

Bitcoin Long-Term Holders now hold 15,708,801 BTC. Put differently, Bitcoin's most diamond handed holders have 79% of the total circulating supply.

Patience is a Virtue with Bitcoin

Potential short-term pause for the BTC party. But like my great great grandfather used to say: Patience is a Virtue with Bitcoin

Key levels for Bitcoin converging around $95K, suggesting strong support at that level if we look at the prior 3 times these levels have merged. That said, a move down there would be extremely healthy and normal in a bull market imo. Plan remains the same. $125K BTC soon.

Posted the below when Bitcoin was at $95K. Still on track. Mid-level (orange line) now at $142K.

Current unrealized profit levels for Bitcoin holders remain relatively muted, which is inconsistent with what we’ve seen at the last two cycle tops. This suggests more upside ahead for $BTC.

Patience is a Virtue with Bitcoin

Bitcoin's Mayer Multiple returning down to a level last reached 1 month ago yet price is $9K higher. That is a called a healthy bull market correction. Higher.

Yesterday saw a similar amount of long liquidations as early April, when price dropped from $83K to $74K, right before Bitcoin went on to make new all-time highs. Interesting...