Yello, PrivateParadiseClub Members! 😎 Do you know 90% of Bitcoin supply is in profit? Let’s dive into a key historical comparison shaping the current Bitcoin cycle:
💎Currently, an impressive 90% of the total Bitcoin supply is in profit. If no “black swan” events disrupt the market, this cycle could mirror the 2017 bull cycle — a period defined by sustained bullish momentum with only minor pullbacks down to the 80% profit metric level. However, we are also seeing decreased retail activity. Let’s compare it to the previous market cycles.
💎What’s the view of the ParadiseTeam Professional Traders? We believe the 2021 cycle would have followed a similar bullish trajectory had it not been for the China mining ban, which significantly disrupted market momentum. Interestingly, retail transaction activity (up to $10K) is currently at its lowest level since summer 2021, a time of widespread market uncertainty triggered by the same mining ban.
Stay focused, patient, and disciplined Paradisers🥂
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