Crypto Channel β78
77,5 β 78,1K is Bitcoin's short term support
I still think we have one more leg up, potentially sweeping above $80K, before the market puts in a real top
Iβm waiting for the market reaction before taking new positions, be patient and donβt rush.
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.