“Whereas money supply was contracting and was set to converge to normalcy in May, it is now headed the wrong way.. (because the government started printing money again)”

Money printers back on.

Watch them turn them on even further.

Big for crypto.

Wrecks the world but good for crypto.

MVRV at 2.15,

Putting aside the interrupted 2020 cycle,

that puts us far from reaching the peak of this cycle,

according to past bull cycles

Clearer on MVRV Z-score calibrated chart

— Look how far the current line is from reaching the top of that purple region,

which has marked the top of previous bull waves

Another more clearly showing how far we are from real the real bull mania peak

“Bitcoin Terminal Price takes the sum of Coin Days Destroyed and divides it by the existing supply of bitcoin and the time it has been in circulation. The value of Transferred Price is then multiplied by 21.”

“This creates a 'terminal' value as the supply is all mined, a kind of reverse supply adjustment. Instead of heavily weighting later behavior, it normalizes historical behavior to today.”

“This Terminal Price has historically been very effective at forecasting the tops of Bitcoin price cycles.”

= We’re far from the top of this one.

Retvrn to classics

Ivy league students sounding ready to torch the Ivy league schools

…great