Since October 2023, Bitcoin is up 260%, but can it climb even higher? According to Gerhard – Bitcoin Strategy (136K subs), on-chain signals say yes 📊
🔍 Key Insights from the Latest Breakdown:
🟢 Sell-Side Risk Ratio Still Low
This means long-term holders aren't selling yet — a sign there may be more upside left.
💼 $240B Stablecoin Market Cap
Cash is flowing back into BTC, not just for yield (2.5%–2.9%) but on rising price expectations. Market cap up 85% since October.
🎯 Bitcoin Target: $130K–$150K
Short dips are normal, but long-term signals suggest BTC is not done rallying.
👀 Ethereum Watch
ETH dominance is back to late-2019 levels, possibly signaling a bottom — but altcoins may lag until BTC dominance (~70%) peaks.
🔎 Smart Money Moves
Insiders like Brian Jung and CryptoBanter bought KEK & Virtual early. Use wallet tracking tools to spot these plays before they moon 🚀
💡 TLDR: Long-term investors are holding strong, stablecoins signal confidence, and the next BTC leg up might already be underway.