To fully benefit of the crypto bull market, nail these two things
Keeping it simple in a bull market
Bitcoin isn’t doing much these days. No big corrections. No breakout. So you’d be forgiven to think that the bull market is dead.
But there are two good reasons to think it is not over. One is directly related to demand. The other comes from the typical structure of a bull market in crypto.
Let’s talk about that.
The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions.
We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things.
We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less.
Join more than 22,000 investors here:
Done? Thanks! That’s great! Now let’s dive in.
P.S. we have just released a new dashboard on the Bitcoin miners. The purpose of this dashboard is to track if the Bitcoin miners stocks are over priced or under priced relative to Bitcoin. Paid subscribers can check it out here.
To fully benefit of the crypto bull market, nail these two things
The takeaway
Look at the ETFs. They serve as a barometer for the sentiment of institutional investors towards BTC. And they also measure demand directly.
What the Bitcoin ETFs are telling us is that the bull market is not over.
And that makes sense given than the average performance of Bitcoin or Ethereum during any short period of time averages around zero. This observation is also true during a bull market.
So the worst thing you can do as long as the bull market is not clearly dying is exit your positions before you have seen the few months that makes up most of the upside performance for Bitcoin every cycle.
This Bitcoin bull market is not dead
Keep reading with a 7-day free trial
Subscribe to Ecoinometrics to keep reading this post and get 7 days of free access to the full post archives.