Hello Everyone!
In the last Bitcoin Premium Newsletter, I talked about a rough sketch of my Exit Strategy.
This has become especially important amid new ATHs, which I believe has accelerated our cycle by about 1 year to be completed in late 2024.
Tackling the ATHs hasn’t come without challenge though, as price took a 17% tumble from 74k to 62k.
Bitcoin has now started to see a recovery just as I suggested in my latest Altcoin Data Newsletter with our timing mirroring 2017, which I’ll be sure to talk about in this newsletter.
As I’ve shown on X, long-term holders are exiting with force:
Some have written this off as mostly due to grayscale selling, but a lot of other data is saying something similar to this that has nothing to do with on-chain.
I’m going to be talking about what data like this means for how we should prepare for the cycle top, and much more!
Let’s dive in.
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This Newsletter Will Cover…
Market Psychology - Managing Greed
Timing the Top - On Track For a Double Top
Data Analysis - - How Close Are We?
What Should You Do?