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.
著名的加密貨幣交易員Kaleo分享了對比特幣(加密貨幣:BTC)價格走勢的見解,強調了每次減半事件之後的顯著增長。
發生了什麼:Crypto Kaleo指出,自2012年減半以來,比特幣的價值已從12美元飆升至近7萬美元,飆升了500,000%以上。他指出,這次價格發現的大部分發生在三個不同的時期,每個時期持續不到兩年。在剩下的時間裏,比特幣的價格要麼橫盤整理,要麼下跌。
Kaleo強調說,這些價格飆升是在減半事件之後的一年開始的。儘管許多人努力預測每個地方底部和頂部的確切價格,但這些波動只是總體計劃中的噪音。
在承認有可能暫時跌至4萬美元或5萬美元的同時,Kaleo建議不要忽視 “指日可待的暴力價格走勢”。他總結說:“這場牛市的真正樂趣甚至還沒有開始。”
爲何重要:Kaleo的分析強調了減半事件後比特幣大幅增長的潛力。他認爲,當前時期是歷史上最好的買入機會,即減半幾個月後,比特幣的價格低於前一個週期的歷史新高。
Coinbase機構分享了追蹤前兩個週期的比特幣圖表,表明當前週期的交易模式與之前的模式一致。
是時候縮小規模了:當前的比特幣牛市正在密切關注前兩個週期。在這些週期中,接下來會發生什麼?請看下面的圖表。
現在所有人都在關注 H2,看看這種關聯性是否仍然存在,但這看起來很有建設性。
《第三季度指南》中有更多見解... pic.twitter.com/3lantlbrk9
— Coinbase 機構組織 (@CoinbaseInsto) 2024 年 7 月 29 日
Lookonchain的數據顯示,大戶正在積累比特幣,在過去的22小時內,一隻鯨魚從幣安提取了4500個比特幣,價值3.02億美元。此外,屬於同一只大戶的另外三個錢包從Bitfinex提取了1400個比特幣(價值9400萬美元),他們還於6月20日從Bitfinex提取了2510個比特幣(價值1.63億美元)。