$BTC (6M) - The final red candle? After the 2017 cycle top: 🔴 Red 6M candle 🔴 Red 6M candle 🟢 Bullish engulfing candle After the 2021 cycle top: 🔴 Red 6M candle 🔴 Red 6M candle 🟢 Bullish engulfing candle Each time, the bullish engulfing candle signaled the bottom was behind us and the new bull run had started. Now Bitcoin is about to close its second red 6M candle since the 2025 cycle top. The 2013 cycle needed three red candles before the big reversal, so history doesn't guarantee anything. But the last two cycles followed the exact same sequence. If Bitcoin repeats that pattern once again... the next 6M candle should be green.
Remember these coins? $ADA once was 3rd largest crypto at $101 Billion, now down -94.90% $ICP was 4th largest crypto at $50 Billion, now down -99.10% $BCH was 6th largest crypto at $30 Billion, now down -88% $FIL was 9th largest crypto at $15 Billion, now down -99.81%
🚨BITCOIN $BTC LONG-TERM HOLDERS HIT RECORD 79% K33 says long-term holders now control an all-time high 79% of BTC supply, while old coin reactivation has dropped to its lowest level since 2012. OGs are not selling, and sell pressure is drying up.
$BTC Most liquidity obviously sits higher according to the liquidation heatmaps. This is due to the sharp flush we saw from the $80Ks to the $60Ks. $60K is a level to watch on the downside but besides that, all the big liquidity clusters sit above.