Smart money is buying $BTC, but price isn't moving
This happened before every major BEAR MARKET
Here are on-chain signals NOBODY is talking about👇🧵
1/ Bull cycle
Bitcoin’s bull run may be done and on-chain data proves it
Let me show you why even massive capital inflows aren’t moving the price anymore and how Realized Cap is signaling the bear market👇
2/ Metrics
You need to understand two key metrics:
• Market Cap = Price × Supply
• Realized Cap = Actual capital deployed on-chain
One shows the hype, the other shows the money and right now, the signals are diverging hard
3/ Realized Cap
Every time BTC hits a wallet, it’s a “buy”
Every time it leaves, it’s a “sell”
Realized Cap calculates the real money that entered Bitcoin based on this wallet-level data
It’s not speculative - it’s what actually happened
4/ Market Cap Illusion
Market Cap is misleading, it’s based on last traded price × supply
So if someone buys $10 of BTC and no one’s selling, the price can pump so the market cap appears $10B higher
It's paper value, not real capital
5/ MicroStrategy
MicroStrategy used this trick perfectly
They raised money via bonds, bought $BTC, and because of low sell pressure, prices flew
Their BTC holdings ballooned in value - even though real capital deployed was far less
6/ Buy vs Sell pressure
When sellers vanish, even a small buy pumps the price
But when sellers dominate, even big buys do nothing
Remember late 2021?
BTC near $70k - huge volume, zero movement
That's what high sell pressure looks like
@Solana Official @Binance Academy
#TrumpTariffs #RiskRewardRatio #BTCBelow80K #StopLossStrategies #BTCvsMarkets
