therationalroot

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therationalroot
npub1r00t...sqe8
#Bitcoin on-chain & cycle analysis. Signal only. Follow the carrot down the rabbit hole.
Yes, we had a major deleveraging event and it affected the #Bitcoin price. But would you rather hold dollars or euros in the long term? EUR Low: 930 sats β†’ Now: 1049 sats USD Low: 793 sats β†’ Now: 899 sats In euros, the recent low was the first one since Jan 20th of this year, and we’re again fighting the 1,000 sats per EUR level. In dollars, we already had several lows, and are approaching 500 sats per USD even faster. If you're worried about current price action (orange area), you might want to zoom out. This chart is only 2 years of data. image