Prominent crypto trader Kaleo shared insights on Bitcoin's (CRYPTO: BTC) price trajectory, emphasizing the significant growth that has followed each halving event.
What Happened: Crypto Kaleo pointed out that since the 2012 halving, Bitcoin's value has skyrocketed over 500,000% from $12 to nearly $70,000. He noted that the majority of this price discovery occurred in three distinct periods, each lasting less than two years. During the remaining time, Bitcoin's price either moved sideways or declined.
Kaleo emphasized that these price surges kicked off in the year following a halving event. Despite the efforts of many to predict the exact price of each local bottom and top, these fluctuations are merely noise in the grand scheme of things.
While acknowledging the possibility of a temporary dip into the $40,000s or $50,000s, Kaleo suggested not to lose sight of the "violent up-only price action that's around the corner." He concluded, "The real fun for this bull market hasn't even started yet."
Why It Matters: Kaleo's analysis underscores the potential for significant Bitcoin growth in the aftermath of halving events. He argued that the current period, several months after a halving and with Bitcoin's price below the previous cycle's all-time high, is historically the best buying opportunity.
Coinbase Institutional shared the BTC chart tracking the prior two cycles, suggesting the current cycle is trading in line with previous patterns.
Time to zoom out: the current BTC bull market is closely tracking the prior two cycles. What came next in those cycles? Check out the chart below.
All eyes on H2 right now to see if the correlation persists, but this looks very constructive.
More insights in the Q3 Guide to... pic.twitter.com/3LANTLbRK9
— Coinbase Institutional (@CoinbaseInsto) July 29, 2024
Lookonchain data highlighted that whales are accumulating BTC, with one whale withdrawing 4,500 BTC, worth $302 million, from Binance in the last 22 hours. Also, three other wallets belonging to the same whale withdrew 1,400 BTC (worth $94 million) from Bitfinex and they also withdrew 2,510 BTC (worth $163 million) from Bitfinex on June 20.
著名的加密货币交易员Kaleo分享了对比特币(加密货币:BTC)价格走势的见解,强调了每次减半事件之后的显著增长。
发生了什么:Crypto Kaleo指出,自2012年减半以来,比特币的价值已从12美元飙升至近7万美元,飙升了500,000%以上。他指出,这次价格发现的大部分发生在三个不同的时期,每个时期持续不到两年。在剩下的时间里,比特币的价格要么横盘整理,要么下跌。
Kaleo强调说,这些价格飙升是在减半事件之后的一年开始的。尽管许多人努力预测每个地方底部和顶部的确切价格,但这些波动只是总体计划中的噪音。
在承认有可能暂时跌至4万美元或5万美元的同时,Kaleo建议不要忽视 “指日可待的暴力价格走势”。他总结说:“这场牛市的真正乐趣甚至还没有开始。”
为何重要:Kaleo的分析强调了减半事件后比特币大幅增长的潜力。他认为,当前时期是历史上最好的买入机会,即减半几个月后,比特币的价格低于前一个周期的历史新高。
Coinbase机构分享了追踪前两个周期的比特币图表,表明当前周期的交易模式与之前的模式一致。
是时候缩小规模了:当前的比特币牛市正在密切关注前两个周期。在这些周期中,接下来会发生什么?请看下面的图表。
现在所有人都在关注 H2,看看这种关联性是否仍然存在,但这看起来很有建设性。
《第三季度指南》中有更多见解... pic.twitter.com/3lantlbrk9
— Coinbase 机构组织 (@CoinbaseInsto) 2024 年 7 月 29 日
Lookonchain的数据显示,大户正在积累比特币,在过去的22小时内,一只鲸鱼从币安提取了4500个比特币,价值3.02亿美元。此外,属于同一只大户的另外三个钱包从Bitfinex提取了1400个比特币(价值9400万美元),他们还于6月20日从Bitfinex提取了2510个比特币(价值1.63亿美元)。