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

nprofile1qqsphh4hcsk9trquc2rd0drwge9vh75rmaa43xru4ha74nyrld9emygpzfmhxue69uhhqatjwpkx2urpvuhx2ucpramhxue69uhkummnw3ezuetfde6kuer6wasku7nfvuh8xurpvdjs9smph3

Publishing to

purplepag.es

nostr.einundzwanzig.space

relay.noswhere.com

Author Public Key

npub1r00t03pv2kxpes5x676xu3j2e0ag8hmmtzv8et0matxg876tnkgsp5sqe8

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Last Notes

2024-11-11 10:14:02

Halving progress 14%. #Bitcoin
https://m.primal.net/Lzhk.png

2024-11-10 10:23:38

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

2024-11-08 21:11:34

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Read today’s Bitcoin Strategy newsletter for the latest insights! 👇
https://www.bitcoinstrategyplatform.com/news/podcast-blockware

2024-11-08 20:45:00

Highest inflow to BlackRock and daily ETF inflows since launch! #Bitcoin
https://m.primal.net/LxAz.png

2024-11-06 19:26:33

The new ATH exactly matches the 2021 cycle! #Bitcoin
https://m.primal.net/LurM.png

2024-10-31 10:36:47

Massive net inflows this week, US Spot ETFs now hold over 1 million #BTC.
https://m.primal.net/Lnyp.png

2024-10-28 12:17:18

Last week saw 'only' 4x net inflows to ETFs compared to new supply issuance. #Bitcoin
https://m.primal.net/LkqA.png

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.

2024-09-06 20:00:32

Read the latest Bitcoin Strategy newsletter from earlier today, covering current price action, key levels, ETF outflows, and the latest updates to the ETF Tracker by analyzing the ETFs' cost basis! Subscribe for timely insights. #Bitcoin
https://www.bitcoinstrategyplatform.com/news/market-analysis-biggest-week-of-etf

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

2024-05-11 10:36:59

Live ETF Tracker Update — v3: Now Includes Hong Kong ETFs 🔥
#Bitcoin
https://image.nostr.build/10f3cb09ffa26e066530358669872a3822a0707149424eb6bb64247aed99f4e8.jpg

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. 😉

2024-04-02 12:57:39

On-chain value map: heavy overvalued now at $123k and rising.
https://image.nostr.build/5d55b7c2aadf063516cd8140671bb0b971a5337d577b20e85e85a3760c327775.jpg

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

2024-03-02 14:38:04

Final day of the week sees a net -2.2k outflow due to heavy GBTC outflows, possibly linked to the Genesis bankruptcy. Reasonable amount of inflows mainly by BlackRock.
https://image.nostr.build/96a5ce314f7419c4e87eedc19c4e64776b1c5a1142c943ae538e577379ef0cbf.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