Bitcoin and Finance Charts To Start Week
Energy Aspirates Bitcoin From Above
Wrestling with this abstract concept. Not sure if I can define it and capture it sufficiently. Yes, Liquidity is in all likelihood the primary driver of the Bitcoin exchange rate on an extended timeline and thinking through the math logically. But what else?
Powell Shrugs, QE punted out further possibly, and Bitcoin only gets stronger. Globally - absolutely the liquidity machine is aligning and most CBs are easing already. Nonetheless - I can't help but picture in my head this giant vacuum if you will above that is starting to more and more suck higher what I envision to be the hashrate, hashprice, and exchange rate.
What is this vacuum? The global demand and need for energy and energy infrastructure. AI is playing huge role in terms of demand for it, but it's Bitcoin that allocates, assigns, and determines value over and across the energy sector over time. In a way, the need for more . . . . . . . brings more up.
Energy = Bitcoin = Money
Is this like when TiNA says there's still some hope for us? Mining hasn't really hit its stride for a couple years now. So you're telling me there's hope?
bitcoin miners etf
Liquidation Heat Map - Higher Time Frame
We have a green dot on the Weekly Money Flow now. Tons of liquidity above. With enough energy, liquidity above can be 'flipped' and converted to rocket fuel. Can also serve as strong rejection as we have seen several times already last few months. Time will tell.
liquidation heatmap
Bitcoin Bottom Line:
- we still do not know with certainty (nor will we ever perhaps) if this will for real break 103Kish and run right now, right away, or right when you want it to
- It appears quite possible it is out of that 74K-98K box
- Let the market tell/show us
Strategy
Premiums baked into calls must be insane on this one. This is a very bullish chart, in my opinion: