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.

Every Bitcoin cycle bottom has happened below the Realized Price.

Previous cycles spent 122, 303, 140, and 179 days below it.

This cycle: 0 days.

Current Realized Price: $53,200.

Maybe this time is different. Maybe it isn't. But the data is worth paying attention to. 🟠

Buying some $INIT here!

Hell nah

$HYPER LONG

Entry Price:
0.07075
0.06900
➖➖➖➖➖➖➖➖➖➖
Targets:
0.07150
0.07225
0.07356
0.07430
0.07506
0.07581
➖➖➖➖➖➖➖➖➖➖
Stop Loss: 0.06720
➖➖➖➖➖➖➖➖➖➖
Leverage: 20x

Buying $BMT here!

Buying $BERA here!

The $INIT pump incoming!

$BERA bullish!

Buying $HAEDAL here!

$INIT up 15% in SPOT

Get in $HAEDAL

I'm buying more $HAEDAL here. The bottom is in IMO

Bitcoin is on track to see its 11th biggest downward mining difficulty adjustment on Saturday as BTCUSD slide trims miner revenue

$HOME SHORT

Entry Price:
0.03190
0.03327
➖➖➖➖➖➖➖➖➖➖
Targets:
0.03159
0.03128
0.03097
0.03056
0.03026
0.02995
➖➖➖➖➖➖➖➖➖➖
Stop Loss: 0.03411
➖➖➖➖➖➖➖➖➖➖
Leverage: 20x

$ARKM Bullish

$BTC is expected to reclaim 67K in short term

$HAEDAL is under $4M marketcap. We're buying the bottom 🫡

$MIRA bullish

Buy $MIRA!!!

Been holding $TOWNS for quite some time and steadily DCA'ing every major dip. Still think a move back to $0.03+ is very reasonable from here. Patience pays.