therationalroot

#Bitcoin on-chain & cycle analysis. Signal only.
Follow the carrot down the rabbit hole.

Public Key

npub1r00t03pv2kxpes5x676xu3j2e0ag8hmmtzv8et0matxg876tnkgsp5sqe8

NIP-05 Address

therationalroot@nostr.directory

NIP-57 Address

LNURL1DP68GURN8GHJ7AMPD3KX2AR0VEEKZAR0WD5XJTNRDAKJ7TNHV4KXCTTTDEHHWM30D3H82UNVWQHK2MNYV4KKJCMZWF5KGEM9XQCQKXS7JE

Profile Code

nprofile1qqsphh4hcsk9trquc2rd0drwge9vh75rmaa43xru4ha74nyrld9emygpzfmhxue69uhhqatjwpkx2urpvuhx2ucpzdmhxue69uhhqatjwpkx2urpvuhx2ue0y5quey

Publishing to

purplepag.es

nos.lol

Author Public Key

npub1r00t03pv2kxpes5x676xu3j2e0ag8hmmtzv8et0matxg876tnkgsp5sqe8

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Last Notes

2024-09-22 10:13:31

Recovery since cycle bottom. #Bitcoin
https://m.primal.net/KxvR.png

2024-09-17 13:37:33

The 4-Year Cycle. #Bitcoin
https://m.primal.net/Ksls.png

2024-09-11 12:49:40

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Chart from the latest Bitcoin Strategy newsletter, subscribe for timely insights. 👇 #Bitcoin
https://www.bitcoinstrategyplatform.com/news/market-analysis-biggest-week-of-etf

2024-09-11 12:49:05

The majority of outflows over the past two weeks came from Fidelity and Ark/21Shares. We bounced off their cost basis, and #Bitcoin is currently sitting right at the overall ETFs' cost basis.
https://m.primal.net/Kmld.png

2024-09-11 09:33:33

After nearly two weeks of ETF outflows, we're back to inflows. #Bitcoin
https://m.primal.net/KmhP.png

2024-09-08 10:56:57

Max fear, and we are here. #Bitcoin
https://m.primal.net/KjTu.png

2024-09-06 22:53:21

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Some can, some can't, not sure what is wrong, I'll have to look into it.

2024-09-03 13:26:13

Right around fair value. #Bitcoin
https://m.primal.net/KcLE.png

2024-09-01 14:00:12

A trillion-dollar asset class. #Bitcoin
https://m.primal.net/KYpm.png

2024-08-30 12:39:17

Halving progress 9%. #Bitcoin
https://m.primal.net/KVIE.png

2024-08-27 12:06:34

Outperforming previous cycles. #Bitcoin
https://m.primal.net/KPcd.png

2024-08-23 14:53:31

Wrapping up Stage 3. #Bitcoin
https://m.primal.net/KJYV.png

2024-08-20 12:24:06

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Make sure to get enough vitamine A

2024-08-20 12:17:57

Let's wait for confirmation 😉. #Bitcoin
https://m.primal.net/KFiK.png

2024-08-15 11:32:46

Halving progress 8%. #Bitcoin
https://m.primal.net/KALO.png

2024-08-14 12:22:29

Elon brought up money supply growth as the cause of inflation. Trump's response to inflation:
- Better negotiations (lower costs)
- Drill baby drill (increase oil/energy production)
No matter your political view, money supply growth will continue!
'Nothing stops this train' – @npub1a2c…w83a
All-Time High in global money supply:
https://m.primal.net/JzMT.png

2024-08-10 13:05:28

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the realized price of the current day. See the small gray circle, at august 6th.

2024-08-10 13:03:30

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Read the latest Bitcoin Strategy newsletter covering the macro shifts. 👇
https://www.bitcoinstrategyplatform.com/news/macro-shifts

2024-08-10 13:02:45

On-chain value map. #Bitcoin
https://m.primal.net/JuoN.png

2024-08-06 10:42:07

The 4-year Cycle. #Bitcoin
https://m.primal.net/JptF.png

2024-08-05 13:30:57

✅ Intermediate level hit. #Bitcoin
https://m.primal.net/Joom.png

2024-07-31 12:10:49

Halving progress 7%. #Bitcoin
https://m.primal.net/JkKX.png

2024-07-25 16:38:22

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Read today's Bitcoin Strategy newsletter covering the state of the market and developments around institutional and nation-state involvement.
https://www.bitcoinstrategyplatform.com/news/institutional-and-nation-state-adoption

2024-07-25 16:37:59

Calm before the Storm. #Bitcoin
https://m.primal.net/JeDu.png

2024-07-25 16:36:30

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this was an error which is fixed now.

2024-07-12 07:12:48

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https://www.bitcoinstrategyplatform.com

2024-07-11 13:33:47

CPI came in at 3% YoY (better than expected). A reminder that CPI is a constantly adjusted metric. https://m.primal.net/JMzf.png

2024-07-09 11:02:02

ETF Flows:
Yesterday: 5.2k inflow
Average: 1.9k #BTC/day.
https://m.primal.net/JLVA.png

2024-07-03 10:09:05

Halving progress 5%. #Bitcoin
https://m.primal.net/JGdq.png

2024-06-30 10:54:08

Q3. #Bitcoin
https://m.primal.net/JDIO.png

2024-06-28 13:32:10

Repetition of last year's summer. #Bitcoin
https://m.primal.net/JAyf.png

2024-06-21 12:24:29

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Are we near a local bottom? Read more in this week's Bitcoin Strategy newsletter. 👇
https://www.bitcoinstrategyplatform.com/news/are-we-near-a-local-bottom

2024-06-21 12:23:56

A pivotal moment for #Bitcoin.https://m.primal.net/Iski.png

2024-06-17 13:02:28

Halving progress 4%.
https://m.primal.net/IoDB.png

2024-05-29 08:35:21

BlackRock flipped Grayscale in #BTC Holdings.
https://image.nostr.build/40e9c2ea34ffac1bb5d1c4b97e5916b08bbee8430fa6adbad1fe252a2aed8c0c.jpg

2024-05-28 14:28:31

On-chain value map: heavy overvalued now at $130k and rising. #Bitcoin
https://image.nostr.build/409f631e8300f94eb8a0fc7e8c43a41db0a58a33d871c114891ca0689468c5a2.jpg

2024-05-23 09:32:37

Hopeful but calm everyone! #Bitcoin
https://image.nostr.build/8a1d63cd01ad08ea5180264285388509e9127c0ee1f3e4d25383a8a7afb48e56.jpg

2024-05-21 12:14:54

The recent peak of capital net inflow to #Bitcoin is similar to early rallies of 2016: a peak followed by an intermission, with the price managing to stay above key levels like the STH cost basis.
https://image.nostr.build/0078592ca2f24bee7bb3290b8824e5bfbc95185805fc26cd4dd6286eb2d713b4.jpg

2024-05-20 11:28:44

Halving effect materializing. #Bitcoin
https://image.nostr.build/a30c59b52d2b039be90265485042d6bd68c7a24bf0c9aaf595525f01e95120a2.jpg

2024-05-13 20:04:40

Cycle alignments. #Bitcoin
https://image.nostr.build/399ddcddb3a8fd1c99e104b9897a74e43dd8179e3ae0814957c3430cff4b79aa.jpg

2024-05-11 10:38:24

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Visit the live ETF Tracker:
https://www.bitcoinstrategyplatform.com/etfs

2024-05-11 10:37:52

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Read more in the latest Bitcoin Strategy newsletter 👇
https://www.bitcoinstrategyplatform.com/news/etf-tracker-v3-hong-kong-etfs

2024-05-08 22:41:07

Halving progress 1%. #Bitcoin https://image.nostr.build/79f279f5756a19d51115cb7e1675d9a35824d0d185c0dce25a119c41acb7d963.jpg

2024-05-01 09:38:05

#Bitcoin Key levels.
https://image.nostr.build/abcb2f05376d351b3ae5a5761183b270a0b5279a0162990c81da881ce38767ec.jpg

2024-04-28 12:08:06

While a Halving supply crunch always needed time to materialize, this Halving, the fee spike caused miners to earn more BTC instead of less, resulting in, at least temporarily, the absence of a supply shock. #Bitcoin
https://void.cat/d/PGhWPmvPnBEsYcdGTngQvH.webp

2024-04-27 15:20:16

ETFs’ update for the week:
-Blackrock's third consecutive day with ZERO net inflows.
-GBTC fell below 300k BTC (from >600k at launch).
Demand drying up?
https://void.cat/d/TevVCYB7g1YX6j2GhXAVfZ.webp

2024-04-23 12:54:44

ETFs Update: Net inflow 932 #BTC (69% lower than average since launch).
- Reduced outflows from Grayscale,
- Reduced inflows into other ETFs.
https://image.nostr.build/22aa8246d23cdd64d4d77cee4fc49565c53148a71144c8a028e7a15e106c9475.jpg

2024-04-22 12:31:51

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GM 👊

2024-04-22 12:30:44

Where will the Bitcoin price be in 50k blocks?
https://image.nostr.build/0d982acc6cbcf4a95bbc5b02d8284d9b3277db07e78e7223a9e71db163c3cb73.jpg

2024-04-17 08:50:10

ETFs Update: Net outflow of 910 BTC due to GBTC. Reduced inflows to other ETFs continue.
https://image.nostr.build/3ff34d4e4decc3decfce07c1c87ae9fe2ee2281d1592871d266948edee84b916.jpg

2024-04-16 10:38:53

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chartjs for this one, but also plotly for others.

2024-04-16 10:33:44

Many ETF flows stalled due to derisking/fear of war.
Meanwhile, BlackRock continues with its streak of 65 consecutive days of inflows.
#Bitcoin
https://image.nostr.build/cdea01baba799471a9f7e3a8e55f7f5c197a751feb74786da483bbde86d8c197.jpg

2024-04-15 11:19:48

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Read more in the latest Bitcoin Strategy newsletter 👇
https://www.bitcoinstrategyplatform.com/news/ultimate-cycle-comparison

2024-04-15 11:19:13

The Ultimate Cycle Comparison. #Bitcoin
https://image.nostr.build/e396e47d070797e2a0cee1a681cd6bb74fda0bfb75e76c4b3539bee6d25843eb.jpg

2024-04-12 16:38:58

The Bitcoin Strategy Newsletter has surpassed 10,000 subscribers, making it one of the top performers on Substack. Truly grateful for the #Bitcoin community and your incredible support! ✊🧡🙏
If you haven’t subscribed yet, please check it out:
https://www.bitcoinstrategyplatform.com/news/halving-impact

2024-04-09 10:19:04

ETFs update: Net outflow of ~3k #BTC due to GBTC.
-Price held up well, given the outflows.
-No direct rotation from GBTC to IBIT.
https://image.nostr.build/fdfaea3e9a9b501f459e7cdd089668b052718c6e49c72b6a8d1d3ab629fb6d12.jpg

2024-04-08 12:36:58

Bitcoin at $72.5k,
Short-Term Holder cost basis at $58k (All-Time High).
https://image.nostr.build/b8c6ed863c25adbe7e28b32fe61debe85b491e403f1ec4cdccf4c647e193c0ca.jpg

2024-04-07 08:02:51

Halving progress 99%. #Bitcoin
https://image.nostr.build/491441e8b4d77424dfd89ca7ba93d978ad4846a2f0bfaf6e5f5727bfed78f5ff.jpg

2024-04-04 09:48:23

BlackRock likely to flip Grayscale by the Halving. #Bitcoin
https://image.nostr.build/f96453000a20366950012282423954508d2142dae7d54e330e37bbe2ff9a295b.jpg

2024-04-02 13:09:27

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Chart based on available supply for trade, capital flow and coin days destroyed.

2024-04-02 13:08:20

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only for the uninitiated. 😉

2024-03-28 16:46:32

Significant ETF inflows are back, noticeable pressure on price, and people are still bearish. Also, BlackRock reached 250k BTC in AUM.
https://image.nostr.build/d215f6f0a34b0b919692a8c6f41db2d0b0bba65e3527c7af9933e76b64ff7315.jpg

2024-03-27 10:24:41

ETF Inflows are back! Looking forward to what today brings! #Bitcoin
https://image.nostr.build/ce641d02aacc515ea0831a18fc7bb8d92eb5b6952c728283d6195b819a05f09e.jpg

2024-03-26 11:50:53

Outflows continue at Grayscale but are offset by Fidelity and other ETFs. With markets closed over the weekend and a neutral start to the week, Bitcoin has maintained its upward trajectory. #Bitcoin https://image.nostr.build/b8475d21ea7f1108df7f798835be2b0d990ca9d73ac5b3da10e70e978740e311.jpg

2024-03-22 12:43:23

Outflows out of grayscale continue, but more importantly, during this dip, the 9 other ETFs have shown consistent inflows.
https://image.nostr.build/e3e21b9032662923f0eca2dc2894a7ab546f7dde904933bcdc119f5d5477fbb9.jpg

2024-03-20 15:11:31

ETFs update: Yesterday, we saw a large net outflow of 5.3k #BTC, obviously contributing to the $5k drawdown in price.
Important observation: yesterday's numbers show Grayscale outflows did not rotate into BlackRock.
https://image.nostr.build/4793e0c129bb0ad6bde0d6674141826d013dea7a0afb9df7d00013b3f6c40c70.jpg

2024-03-19 12:02:28

Giant GBTC outflows, 9.5k #BTC.
Since ETF approval, 250,000 BTC have flowed out of Grayscale. This substantial sell pressure was mostly offset by other ETFs' inflows. We were overdue for a pullback, and yesterday, and likely today, outflows are in charge.
Nonetheless, large inflows to BlackRock!
https://image.nostr.build/2cea876b35be6c065ba6b0c6a9ea99334e06de9cd0d6856c85d421118aecc07e.jpg

2024-03-16 17:41:17

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Read more in the latest Bitcoin Strategy newsletter 👇
https://www.bitcoinstrategyplatform.com/news/100k-before-the-halving

2024-03-16 17:31:37

$100k before the Halving?
https://image.nostr.build/a924168fd8933a7cd1114e15f7c67b8a726f864cc046c9876f6a842e391105f4.jpg

2024-03-15 12:25:00

Pack it up guys, it's over. #Bitcoin crashed.
https://image.nostr.build/c4d52235cf55ad553e6a10b6c419f42e0f7f9127d3d955d64c52f7824beac1ea.jpg

2024-03-13 11:47:59

ETFs Net Inflow: +14.6k BTC
-Massive inflows to BlackRock: +11.9k!
-Reduced outflows of Grayscale 👀
https://image.nostr.build/35055cad680d83e04a58e2866b448d1fc4a9f421cffae7b0e5aefd4525b3d38e.jpg

2024-03-12 12:05:33

Strong start of the week for ETFs: net inflow of +7k #BTC
-Cumulative holdings crossed 800k BTC.
-BlackRock's now holds over 200k BTC.
-Grayscale dropped below 400k BTC.
-Large inflow to Van Eck due to year-long zero fees.
https://image.nostr.build/078c4cb5a1b68e05d512de5e84c5f00be5f64a28ce2c863c487270d4359a0091.jpg

2024-03-08 13:34:46

+7k BTC Net Inflow to ETFs: Fidelity records its biggest inflow yet, while Grayscale sees continued outflows.
https://image.nostr.build/385edb0dc60e0711225f42527072f42f051d53ebf27490f99761950d0fa42836.jpg

2024-03-05 11:42:57

ETFs net inflow 8.3k #BTC
Despite substantial Grayscale outflows, likely due to the Genesis bankruptcy, BlackRock and Fidelity easily offset these outflows!
https://image.nostr.build/6d54a30e9bf17d333ea4494bd43fcb6efef94d7eb9aa69b2e38849ef8a5155e8.jpg

2024-03-04 22:43:44

Recovery Progress 99%. #Bitcoin
https://image.nostr.build/ab38da69e77c641cbeb9728eec9b10558bfd742daf89950a93cb3a4ea426af0a.jpg

2024-03-01 08:56:26

Wonder why price plateaued the past 24 hours?
Nearly 10k BTC outflows of Grayscale.
This was offset by mainly BlackRock inflows,
resulting in (only) a net +1.5k BTC inflow.
Outflows of Grayscale are possibly due to the Genesis Bankruptcy (a total of ~25k BTC).
Follow my ETF Tracker for live updates.
https://image.nostr.build/29f13dbea0ce956a09bac9b0a825e97a4c13d4b94f5aa9ae7b14d8783dd7d4df.jpg

2024-02-28 09:29:15

The supply crunch continues: +10k net inflows to ETFs!
#Bitcoin
https://image.nostr.build/3a935b0896fd591562adfacf87886dc543a4481021ce3348317e5cc1c60e91e9.jpg

2024-02-27 09:55:22

ETFs waking up to digital scarcity, massive day with +9.5k #BTC added to holdings. That is 10x the issuance, and soon Halving coming up. 🤯
https://image.nostr.build/c678220514acca9a54f5ee561b417334b8a008ee1ce3e7989e6a0b12bb1bdd42.jpg

2024-02-26 13:17:19

Short-Term Holder cost basis at $42.5k and rising!
#Bitcoin
https://image.nostr.build/e94da681c917bbad15b3b4e28e71d2f12af5edbed5ca69a049ef4d56622c30cc.jpg

2024-02-23 08:41:01

Another massive day for the ETFs:
-Fidelity bigger inflows than BlackRock.
-Reduced outflows of Grayscale.
#Bitcoin
https://image.nostr.build/456e37165fbf680d12a4fc9d18396e31524adac6a0effa229051fd908b3147fd.jpg

2024-02-21 08:42:31

Latest ETF results:
+2.6k BTC added to holdings (half of last Friday)
#Bitcoin
https://image.nostr.build/a431dcc7c4a5e5468c5cf17ae3bd8aaf2baeed1eefe5ab602bfc687239dfe34e.jpg

2024-02-19 19:37:53

Less than 9k blocks until the next Halving. #Bitcoin
https://image.nostr.build/d04264e77214cdb52d13cedff55a842e90bdf87ab6697e9cb64075eeb7fa494e.jpg

2024-02-14 21:20:50

Enormous ETF inflows, net +12k #BTC were added yesterday.
- BlackRock alone saw a 10k btc inflow, and now surpassed 100k btc in holdings 🤯.
- Biggest outflows were from Grayscale (1.9k) and Invesco (~500 btc).
- Three consecutive days over +10k net inflows.
Follow me for more ETF news 👊
https://image.nostr.build/a49edabcfb79782d81908846ed7a0a129a392ae9e5d845fec90b63c02c958c85.jpg

2024-02-14 11:08:05

Wall Street waking up to the curve of this line. #Bitcoin
https://image.nostr.build/68446350834a7433c82ed499342a5c1d4a82681b82d4853fb91fbc5749d37161.jpg

2024-02-10 21:53:52

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Read more in today's Bitcoin Strategy newsletter:
-Bitcoin toolset
-ETFs’ inflows
-Resistance levels
-Genesis 1.2B in GBTC shares
https://www.bitcoinstrategyplatform.com/news/correlation-etfs-flows

2024-02-10 21:53:02

10k BTC net inflow to ETFs in a single day. #Bitcoin price showing high correlation with ETFs’ flows. Supply already tight, NGU!
https://image.nostr.build/6742c3d0ff894add2ebfb2754afe5bfe16b6bc4131a531cfc12d6377e3570c27.jpg

2024-02-09 15:47:11

Halving progress 95%. #Bitcoin
https://image.nostr.build/ebf5d8f73374923e42920eca3ef9396d5fb929ee26c655ba406723ddffaab81b.jpg

2024-02-08 17:08:52

ETFs' net inflow +3,250 BTC.
$45,250 #Bitcoin
Correlation with ETFs' flows.
https://image.nostr.build/74e7099b2bd15a33f81578746bc8a21a2ff184a6d77d86d92f33985c4c05ce86.jpg

2024-02-06 14:12:50

Cycle comparison: 75 days until the Halving.
#Bitcoin
https://image.nostr.build/14f622d44379f57341da8991113f2efba518fe7356c69045329bd4659a8cbf12.jpg

2024-02-04 12:32:20

How about the new #Bitcoin Hoodie?!
Now available at 👉 21mil.nl
@TheRationalRoot 🥕 merch.
https://image.nostr.build/652bf839ab4e7ec4fae36b38b83b77fc5bfeec40ea9111801e283b9806c1141f.jpg

2024-01-28 12:24:27

Halving progress 94%. #Bitcoin
https://image.nostr.build/56b87abcf58157a527e61654d344f436de4ac7157a4fa5e41047f2680c4fc072.jpg

2024-01-26 20:37:00

Proud to present the live #Bitcoin ETF Tracker.
https://image.nostr.build/3a1a8bd3c756a9f5f62067ad397d8dc1140d4eda695708868343e78cbfffb1aa.jpg

2024-01-18 14:32:38

The 4-year cycle, incl. realized price (dotted lines), aligned by today's date. #Bitcoin
https://image.nostr.build/4c449bb748847f7b26ab8487fa3a32a900b49e04820ef37523abb652e0aac8fb.jpg

2024-01-16 21:25:10

On-chain value map. #Bitcoin
https://image.nostr.build/b738139719944d490bcc100300ab7f68c27d71d08e93f5d3c42464668f29dfe0.jpg

2024-01-06 23:25:15

Capital inflow and outflow to #Bitcoin. 🧵
https://image.nostr.build/2a830501dd35d6511960e3cc66668e2d2eec850bc99c50fa2d07026e29fb1f5b.jpg

2024-01-04 20:18:01

We're in the "Are the ETFs and Halving priced in" phase.
#Bitcoin
https://image.nostr.build/83e5500805a802eaa781ff3010f12faf949fa0d25f56c8ef494eb664ce5541c9.png

2023-12-30 18:16:15

What's the most likely inflow of capital into Bitcoin?
$300B, 1% of combined AUM from ETFs.
$800B, equal in size to the current Market Cap.
$1.7T, 1% of global highly liquid capital.
#Bitcoin 🧵
https://image.nostr.build/0bb6cc8a41c3302f763772763424b3cc493269615e157a9dbf963de884f65584.jpg

2023-12-24 10:20:09

Cycle comparison: pre-Halving rallies. #Bitcoin 🧵
https://image.nostr.build/e8cb97884c9c369ef76717c1a352b63977991c840b2cc93055903ec129df4145.jpg

2023-12-12 12:31:42

H1'24. #Bitcoin
https://image.nostr.build/50b5a80b46e6aef433ad45de2562836aff89b5208b86db23e6558d6ae72b4b4b.jpg

2023-12-12 12:29:17

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I do receive some zaps, any protocol changes regarding zaps in the last months?