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How to Sell Bitcoin at the Peak? What to Watch to Not Miss the Perfect Exit Point

0h 42m video Published Mar 22, 2024 Transcribed Aug 6, 2026 K Kirill Evans
Intermediate 8 min read For: Cryptocurrency investors and traders interested in market cycle analysis and on-chain metrics.
AI Trust Score 65/100
⚠️ Average / Some Fluff

"Title promises a method to sell at the peak, but the video delivers a broad overview of metrics without a definitive answer, though it's informative."

AI Summary

The video discusses various on-chain and market metrics to help determine the peak of the Bitcoin market cycle. The host emphasizes that market peak is more about sentiment than price, and reviews metrics like Bitcoin exchange balances, realized capitalization, drawdown statistics, and social risk to gauge market conditions. He concludes that cycles are stretching due to increased liquidity and advises focusing on dynamics rather than absolute values.

[00:02]
Market Peak is Sentiment, Not Price

The host argues that the market peak is not a price or chart point but the mood of people. He suggests that most people will leave the market before the main phase of movement.

[02:00]
Total 3 Chart Analysis

Total 3 is the crypto market cap excluding Bitcoin and Ethereum. The host notes that altcoins typically surge after Bitcoin consolidates above its previous peak, as people who missed out buy cheaper altcoins.

[04:09]
Bitcoin Exchange Balances Decreasing

Bitcoin balances on exchanges have been declining significantly over 12 years, from about 3.2 million to around 2 million BTC. This indicates a long-term trend of holders moving coins off exchanges, reducing liquid supply.

[06:17]
Ethereum Supply Shock

Ethereum balances on exchanges have dropped from about 30 million to 12-13 million coins, a reduction of over 55%. This is due to staking and burning, leading to a potential parabolic price increase.

[08:44]
Realized Capitalization by Age Groups

A metric from CryptoQuant user showing realized cap for age groups 6 months to 3 years. It provides dynamics but not exact peaks. The host uses it to gauge market phases.

[11:30]
Bitcoin Drawdown Statistics

Historical maximum and average drawdowns: 2011-12: max 51%, avg 18%; 2012-14: max 70%, avg 21%; 2015-21: max 32%, avg 10%; 2018-21: max 60% (COVID), avg 19%; 2023: max 19%, avg 5.47%. Volatility is decreasing over time.

[14:30]
Altcoin Market Cap Forecast

Based on dynamics, the host estimates a potential altcoin market cap of $1.7-2.4 trillion, derived from previous peaks adjusted for declining volatility.

[15:29]
NARE Metric

Divides average weekly profit and loss ratio. Shows surges at cycle peaks, but the host considers it slightly incorrectly calculated and not reliable for decisions.

[16:42]
Social Risk Metric

Tracks new subscribers, views, likes, and social activity. Currently, there is no hype, indicating the bull market is still early. The host uses this as a key sentiment indicator.

[18:52]
RV Project Success

The host shares a personal win: bought 60,000 coins of a project on CoinList for $1.2 each, now worth $50-60k. Emphasizes diversification and long-term holding.

[20:51]
Long-Term Holders Dumping

Long-term holders have started to sell, but this is normal in any market phase. The host believes we are still in a phase of disbelief, with people not yet believing in continued growth.

[23:24]
MVRV and Dynamics

The host prefers tracking dynamics over absolute values. He mentions MVRV and other metrics but stresses that only dynamics matter, not single indicators.

[25:13]
Unrealized Profit Metric

Shows unrealized profit for short-term holders. Current dynamics are similar to previous cycle peaks, but the host cautions that it's not a guarantee.

[26:54]
Realized Cap Less Than 1 Month

This metric is falling due to declining volatility. The host uses it to estimate where the cycle might end.

[28:33]
Cycle Differences

Each Bitcoin cycle has different dynamics (accumulation, peaks, etc.). The market is chaos, and no one can predict exactly, so diversification is key.

[30:58]
MVRV Score

The host used MVRV Score to buy at good points. Current position is similar to previous cycle highs, indicating everything is on track.

[32:08]
Fear and Greed Index

The host dismisses the fear and greed index, preferring social metrics. He notes there is no hype yet, so the bull market is still early.

[32:48]
Whale Wallets

Number of addresses with 10,000+ BTC. The host expects these to fluctuate, with accumulation and distribution phases.

[33:26]
Bitcoin ETF Flows

Grayscale's GBTC is selling, causing pressure, but other funds are buying. The host sees this as normal cyclical behavior.

[35:19]
Total Crypto Market Cap Forecast

The host estimates a total market cap of $5-8 trillion, with altcoins increasing and Bitcoin dominance falling.

[35:48]
Cycle Expansion Hypothesis

The host argues that cycles are stretching: time from peak update to next peak was 273 days, then 334, then 365. This is due to increasing liquidity and falling volatility.

[37:00]
Final Advice

The host advises to decide whether you are a speculator or investor. He plans to hold until he sees hype and screaming people, possibly at $100k or higher.

The host emphasizes that market peaks are driven by sentiment, and while various metrics provide useful dynamics, none can predict the exact top. He advises focusing on long-term investing, diversification, and monitoring social metrics for signs of hype.

Mentioned in this Video

Study Flashcards (10)

What is the Total 3 chart?

easy Click to reveal answer

It is the cryptocurrency market capitalization excluding Bitcoin and Ethereum.

02:00

How much has Bitcoin balance on exchanges decreased from peak?

medium Click to reveal answer

From about 3.2 million to around 2 million BTC, a decrease of over 1 million coins.

05:47

What is the current Ethereum balance on exchanges compared to the peak?

medium Click to reveal answer

It dropped from about 30 million to 12-13 million coins, a reduction of over 55%.

07:11

What was the maximum drawdown in 2011-12?

easy Click to reveal answer

51%.

11:59

What is the average drawdown in 2023?

easy Click to reveal answer

5.47%.

13:09

What is the host's altcoin market cap forecast?

medium Click to reveal answer

$1.7-2.4 trillion.

14:45

What does the social risk metric track?

medium Click to reveal answer

New subscribers, views, likes, and social activity on YouTube and Twitter.

16:57

What is the host's total crypto market cap forecast?

medium Click to reveal answer

$5-8 trillion.

35:19

How many days from peak update to next peak in the last cycle?

hard Click to reveal answer

365 days.

36:14

What is the host's advice for bull market buying?

medium Click to reveal answer

Buy what is growing, not what is stagnant.

22:42

💡 Key Takeaways

💡

Market Peak is Sentiment

Reframes the concept of market peak from a price point to a psychological state.

00:45
📊

Bitcoin Exchange Balance Decline

Highlights the significant reduction in liquid supply, a bullish long-term signal.

05:47
📊

Volatility Decline

Shows a clear trend of decreasing drawdowns, supporting the liquidity hypothesis.

13:09
🔧

Social Risk Metric

Provides a practical method to gauge market sentiment through social media activity.

16:42
💡

Cycle Expansion Hypothesis

Challenges the traditional 4-year cycle, suggesting cycles are lengthening due to liquidity.

35:48

[00:02] Bitcoin is falling furiously, very sharply, I think each of you has at least once wondered where this market peak is and every hamster, chipmunk, hodler or Krypton thinks what should I use to find this market peak, we, friends, will not engage in this nonsense,

[00:17] we will just open this window a little and look at different metrics. To somehow get closer to understanding the Market Peak, what is this market peak, Kiryukha? Tell us. Show us so that we know exactly where to sell and then

[00:31] re-enter from below. We were sitting on the bear market. Everyone was shouting on the bull market, we are still sitting, but friends, the most important thing is a good mood, because in my opinion, our market peak is not a price, it is not a number and not a point on the chart, it is still

[00:45] the mood of people, so friends, let's all get comfortable with you, Kiryukha, all get comfortable with you, Kiryukha, Evan hu.

[01:03] falling very sharply. Everyone was shouting, then we were sitting in a flat. Here we were sitting and We were collecting assets, buying different altcoins, buying, averaging, and there was a lot of hate. I never understood that hating is bad anyway. Take, buy,

[01:18] buy, average. And is it the move to stake and farm, then get drops? They don't sit and shout. Then we grew very quickly, and here too, people are stressed. I've already talked about this. I repeat again that most people will leave this market even

[01:33] before the main phase of movement. So, let's go figure out what can help us determine the market sentiment. We'll look at some metrics today, all of them are incorrect, but some are definitely useful, and you can decide for yourself

[01:47] what will be useful for you. And what? We will update these metrics once a week. So, every two weeks, I will show you such videos. Well, you write in the comments. Will it be useful for you? Let's go. So, friends. I repeat once again,

[02:00] we have Bitcoin here on the chart, and this orange one. The bottom chart is our Total 3, this is our capitalization of the cryptocurrency market without Bitcoin and without Ethereum, that is, ours. The most favorite altcoins, all altcoins, but without Bitcoin

[02:16] and without Ethereum, what this chart shows us, we will evaluate the dynamics with you. So, let's watch the dynamics. There was a huge drop, there was covid, but the dynamics are the same as now, although the numbers are. So, here it is, the

[02:31] last market peak, this is the mark of approximately 19700. And when we went through all this and came to the market peak, here we stood for about two months, we could not break through it. There were also various squeezes and such normal

[02:45] volatility, and this is this point on the Altcoin chart. We also grew well, so here, but still, the main phase of growth was after the Bitcoin peak after

[02:57] it went up and began to grow very quickly. All altcoins flew up. Why is this happening? You ask me. It's very simple. Only after consolidation above the Bitcoin peak and further flight, people begin

[03:11] to understand that everything is working out. I didn't have time. I was kicked out of the market. I need to buy something else. They start buying cheap altcoins. Altcoins that have not yet updated theirs. All-time KHAI, they're starting to fly, and this

[03:25] capitalization of all altcoins is starting to soar, and this is Jade and Thomas, but they haven't experienced it yet because everyone is waiting for some kind of deep correction, such growth and such a correction, but here it's probably the same thing, we'll come

[03:40] here, everyone will buy, and everyone, together, has already understood everything, they'll fly into space, no, friends, there won't be a deep correction. Maybe, but don't wait, it's here, it will be Gabela. I think many are waiting there because they didn't have time,

[03:56] and their Thomas is brutal somehow. Well, we're moving on, friends, what's next for us? The next metric we have is GS Note, he Chain analytics, and GS Note, he Chain analytics, and Bitcoin balances on exchanges. They, friends, are

[04:09] decreasing very strongly. Let's see how the dynamics have changed see how the dynamics have changed over these literally 12 years, yes, over 12 years, Bitcoin hasn't given away anything to anyone yet. So, friends, all the dynamics were

[04:22] upward because the number of Bitcoins was growing so quickly and there was no demand. This has never happened before, so Bitcoin prices on the exchanges were increasing. It's clear that there were few exchanges, so there was a lot of Bitcoin, everyone was exchanging it,

[04:36] no one really believed in it. That's how things are, so there was a lot of speculation, very little investment. Although I think there are real hodlers who have been holding it for about 10 years now and I think they will continue to hold it. Why sell the cow everyone needs, my

[04:51] friends, so at this point after COVID, something changed very much, the entire dynamics began to go absolutely down, even after the Bitcoin peak, there was still a huge outflow. I think that somewhere around these points, we have already had funds

[05:06] slowly entering the market. These guys don't enter the market for 1, 2, 3, 5 years, they enter it for decades, so you don't have to worry yet, it's just a change of hands. I think

[05:18] that according to the dynamics we are going along now, we will still go down here, like this, we will have a flat and we will rise a little within the framework of the already market, e.g., the market peak, and there will be a lot of inflow on the exchange. Because some will still sell,

[05:33] some players will throw off Here But I don't believe at all that we will be able to overcome these marks, that we will ever get here I think that with each year there will be less and less Bitcoin on the exchanges

[05:47] and this is the most frightening figure there were about 3 million 200,000 Bitcoins on the exchanges now there are about two friends minus a million coins this is

[06:00] of course litto Who of you bought all these Bitcoins who identified them who are you or who Let's move on there are a lot of protocols now on the air planned staking on staking on staking on

[06:17] staking on staking God such a pyramid Shoot God I am very much for this I am worried because if all this collapses it will hurt both Ethereum and the crypto market in particular because such pyramids are being built

[06:31] just think about it you go take your Ethereums and put them in Lida lochi sya they give you a liquid token you then eat it with a stake then eat some more of it with a stake and then more

[06:43] staking on staking on Staking Oh my God, this is such a mess, friends, I'm just shocked, but because of all this and because of the transition of Ethereum to proof of s, its quantity is decreasing, firstly, because it is being burned little by little, and friends,

[06:58] being burned little by little, and friends, let's look at the peak of the market. let's look at the peak of the market. When the price was about 4500, 4K, we had how much Ethereum on the exchanges. So, let's see, this was the mark.

[07:11] Around here, we had about 30 million coins. Now, friends, wait 30 million coins. Now, friends, wait a second, we have about 12 million coins on the exchanges. Let's double-check. 13. Okay, this is practically not even 50%, well,

[07:30] 55% fewer coins on the exchanges. This is what's in the liquid supply, what liquid supply, what people are essentially trading, this is of course brutal. Gentlemen, even sunbathing in all these protocols. What will happen next with the price? It will

[07:46] simply go into parabolic growth, you will see all this. I think it's just a matter of time. With such an outflow of supply and such demand, friends, it is obvious that there will be growth, but not immediately. Few people understand this. Few

[08:01] can simply understand the banal formula that there is demand. There is supply if we The supply is decreasing so much, the price can't rise, they can hold it back artificially, and there's no such mood yet. Foma, people, but friends, this is

[08:17] all slowly being factored into the price. Imagine what will happen if there's another ETF for Aries, just for now the market is a little afraid. I'm thinking and factoring in what could be an ETF not yet for Aries, so there's a little fear. What could be Ethereum being recognized by security,

[08:32] What could be Ethereum being recognized by security, tra-la-la, and everyone is afraid, so the price isn't rising so quickly. But as soon as they accept it, God, what will happen to Ethereum, I just can't imagine. Let's go, friends, here's another very useful and interesting

[08:44] metric. What does it show? It shows realized capitalization. It's for four age groups from 6 to 3 years old. It's a very interesting

[08:56] metric. It was made by a user on Crypto Quantum, one of the Twitter users. It looks very cool. I'll use it as an apprentice. All the metrics are incorrect, some are useful. Let's see. So, friends, here was the last

[09:12] friends, here was the last peak of Bitcoin, exactly at this point we were in consolidation, and this point according to this metric is here, further down we have here. There was also a peak and there was also a consolidation and we were also at the same point according to this metric

[09:27] now we are also friends at the peak of consolidation and we are also at this point that this metric can only give us dynamics, dynamics, not the point of the market peak. So

[09:39] in this case, we still had a bull market for so long and there was such a downward dynamic, a lot of people were realizing their

[09:51] coins and this metric was essentially falling and let's see how much time was here. I still think that I am stretching the cycles because we essentially have two letters, there is the letter L and there is the letter B. What do you think is this? We have

[10:07] liquidity, it is growing, and our volatility is falling and the more liquidity there is in the market, I will show you later, the less volatility there will be, you will see all this in the numbers later. Be patient, gentlemen, the video today is short

[10:22] Be patient, gentlemen, the video today is short but interesting a little bit transitional. So, how good is it to be confident in what you are doing and sit for 3-4 years and convince everyone. And what is this, no one believes? Well, don't believe it anymore, it's better to sit and wait for

[10:35] the crisis, wait, Lord, wait, all your money and all your capital will be eaten up by inflation. You risk more than those who try to take even a little risk. So, friends, this means that all we can do is wait here for the same kind of decline little by

[10:50] little and in terms of dynamics, somewhere around here we will end all this, even though this chi market has ended. For us, let's see where, right here, that is, this

[11:02] bull market ended with the fall of this metric right here. This bull market seemed to be here, but it all turns out there was some kind of rebound and even on

[11:14] it we could grow. I still think that cycles stretch out over time and I will show you this later on. It's a very interesting metric. I saved it for myself. Let's move on. This is a very interesting story, what I wanted to show you. So, friends,

[11:30] regarding the falls, is it scary? And what generally happens with Bitcoin before this? generally happens with Bitcoin before this? Let's take for ourselves a scale of 0, 5, Let's take for ourselves a scale of 0, 5, 10, 15 and 20, this will be our scale.

[11:44] Bitcoin drawdowns You're all afraid of drawdowns So we'll count it all So let's go then in 2011-12 at the very beginning of Bitcoin's inception from 2019-2020 we had a

[11:59] we had a maximum drawdown of 51% over these 2-3 years, and here it is, and maximum drawdown of 51% over these 2-3 years, and here it is, and the average drawdown over this time is 18% So we'll draw a graph with you that comes here Okay 18% we have here then in

[12:13] 2012 until 2014 we had a maximum drawdown of 70% Here it is Where it was Here it was we grew then crashed and here we stood for about 2 months there was such a peak and then another high and the

[12:28] average drawdown was 21% So we'll draw a little higher here 21% In 2015-21 our maximum drawdown was 32% already

[12:40] maximum drawdown was 32% already less much less and the average is 10% So we'll lower our graph by 10% put a dot here excellent Further in 2018-21 our maximum drawdown was 60% And that's a lot But it was

[12:55] covid That's why such a huge number and that's why the average drawdown number and that's why the average drawdown was 19% it grew but it was already much lower than all the other previous ones, these two and in our

[13:09] twenty-third year the maximum drawdown was 19% for now and the drawdown was 19% for now and the average 5 and 47% that's how much volatility has fallen so far Yes, it can grow but for now the dynamics tell us that

[13:24] but for now the dynamics tell us that this is all going into a more falling structure what is this This means that volatility can increase but due to the influx of liquidity it will obviously fall for us that's how things are, friends

[13:38] This once again confirms our hypothesis Let's move on although this is not even a hypothesis liquidity and volatility are related Therefore I think that you need to study what it is if you don't know that it's difficult for you Come to our

[13:52] community we will teach you we will tell you we will help we have it free a lot of people are sitting Therefore here is the link in the description join Crypto to us Come we will teach you we will help you with what we can As they say don't lose heart the most important thing is

[14:07] say don't lose heart the most important thing is mood don't lose heart We're afraid of drawdowns. mood don't lose heart We're afraid of drawdowns. I think that every true

[14:30] without Bitcoin. I just made a guess here based on the dynamics. Where can Bitcoin and Oh, not Bitcoin? And our altcoins be listed in general by capitalization. I listed in general by capitalization. I think I could be wrong. I could either

[14:45] be too Chim or too bearish. But here's my zone: here's my zone: $1.7-2.4 trillion valuation of all altcoins based on dynamics. Yes, we had it here after

[14:59] had it here after 7%. I divided it by about three because the entire dynamics fell threefold, and these are the numbers I got. This is an average based on dynamics, such a weighted average market forecast. This does not

[15:13] state the fact that it will happen. I just set myself such a benchmark, that's all. Let's move on. So, this is also an interesting metric. What it shows means this indicator divides the average weekly profit and loss ratio. NARE is not an

[15:29] annual value. Here are the profits and losses over the past decades, there have been approximately two significant surges, and the third one just happened. Here it is. Let's take a closer look, this is also an interesting metric. It's not correct, but it's

[15:44] useful. It can be taken into account, but to make any decisions based on it is nonsense. Let's see, there was a surge. There was a surge. And there was a surge. All There was a surge. And there was a surge. All these surges were due to the update of the

[15:58] previous cycles' HAs, or corrections, or consolidations, like here, here, and here, so, friends, this is absolutely normal movement. Although I think that this metric is slightly incorrectly calculated. Personally, in my opinion, all these

[16:13] halving cycles that everyone talks about and believes in. I think that this is complete chandra and that all this is being stretched out. I'll show you this later. For some reason, everyone thinks that the peak was here. But it was here, like,

[16:27] alltime ha, but for some reason. Everyone somehow thinks this way. I don't understand this. Well, let it be okay. Everyone thinks in their own way. As they say, everyone has their own methodology. And you already add and write your assumptions in the comments. It will also be interesting

[16:42] to read. That's how things are. Benjamin Covin is further engaged in social research, friends. This is a very interesting metric. Probably the most useful for me personally. I will take it into account, these are my friends. The social risk metric takes into account

[16:57] new subscribers on the tube, views of all YouTubers, Twitter, various analytics on views, likes, and dislikes. Although there are no dislikes or reposts or comments on Twitter, in general, activity on social networks. Let's look at the

[17:12] most interesting thing about this metric: we have the same consolidation period, then a sharp surge. And as soon as we overcome the 06-07 mark, these are very risky marks in terms of growth and price and the risk to the reward that we

[17:29] take on, so we are now with you. There is simply no hype, no new people, few people subscribe to me, so my friends paused the video because of the work, subscribed to the channel and put a like so that the video just flew into

[17:44] like so that the video just flew into space. Oh my, and they came to our Twitter Crypto community and looked at the links in the description to get more useful information there, everything is absolutely free, take it and study it.

[17:56] We do a lot for you. Therefore, I think this metric is very cool. Shows sentiment, there is no hype, there are no screaming people yet, those who are ready to buy mega-peak marks. Therefore, for now you can relax your buns,

[18:10] I think so. You may not think so. I think that we are only in the early think so. I think that we are only in the early stages. The bull market is still emerging, no matter how scary and creepy it is. This may not sound like my opinion to you, this is my

[18:23] path. You can have sold a long time ago if you are afraid that it will collapse and that you are not a hodler but a speculator. Sell as much of your portfolio as possible to break even and just watch me, you will see whether I can still make money or

[18:40] lose everything. If you do not trust or are simply afraid. Well, everyone makes their own decisions in this market. Further, the RV project, our Honda

[18:52] also flew into space. The coolest thing we bought was this Honda project. Who of you hasn't seen it? Look, maybe you have it or it is lying around because this is the project we bought. It has been on the coinlist for a very

[19:06] long time now, about 2 years ago, I already gave up on this coinlist, there were about 60,000 coins there, I took them. and now it costs about 50-60k. It's cool, I'll

[19:20] hold it a little longer, then I'll dump it, and I spent 1.2 dollars on it. That's what it means, whose market is cool, they just have 50k lying around in their pocket. Well, I wish the same for all of you, too, check your Coin List. Maybe you bought different projects like me. It turns out that

[19:37] Coin List paid off over time, although my guys and I already gave up on this project because it hadn't been released for 2 years, then it came out and no one could guess that it would still fly into space. That's how it turns out that

[19:53] sometimes analysis only spoils the impression, and it seems that everything can already be dumped somewhere on the OTC and forget about it, but it turns out like this. That's how it is, so

[20:05] friends, think about it. I believe that only diversification will help save you from big drops. Gradual accumulation, but you can't guess who will be the market leader in 5 years, so it's either an investment or speculation. I

[20:20] invest. You want to speculate. I say again and repeat this saying to you. That even the worst investor will outperform the coolest speculator in the long term. That's how things are because investing is a marathon, a market, a marathon, a survival,

[20:36] so a guy who runs really fast won't be able to win a marathon sprint, alas, he'll die, he won't have enough breath and endurance. Let's move on, friends, this is about long-term holders, it's like you and

[20:51] me. I hope we'll have more on our channel because all the channels talk a lot about speculation. I hope to change this trend. I hope with my hope to change this trend. I hope with my

[21:06] determination, my endurance, and antifragility to turn many people into investors and not speculators. I hope I can slowly see the fruits of this. Some bloggers are starting to say the same things, it's cool,

[21:18] so friends, let's continue. So here we have long-term holders, our Longs have started to dump a little. Let's see where it was. We had roughly the same

[21:31] surges at absolutely any market phase. So, let's look here, it was before the peak, yes. Before the Peak update, we even had Peak update, we even had a little bit here, then they fell, but

[21:46] it was a black swan, and here it was about the same. Yes, here, by the way, it was near the market peak, so friends, these surges are a normal friends, these surges are a normal story, a phase of disbelief and redistribution.

[22:01] Why do I think that we are still in the phase of disbelief? Because people still don’t believe that Bitcoin will continue to grow once it gains a foothold here and shows foothold here and shows momentum at 80-90k. How will these guys

[22:14] run to buy alts? Because people come to our discord and say, Kiryukha, Bitcoin. I haven’t had time to buy any more. There won’t be any X’s. So what should I buy altcoins then?

[22:26] I’ll buy those altcoins that haven’t even grown yet. This is the same reason why some altcoins are shooting up. But friends, this is a profound mistake. In a bull market, you need to buy what’s growing. In a bear market, you need to short what’s

[22:42] weak and falls sharply. For some reason, people buy what’s not growing in a bull market, which is why you I do n't know, the logic is strange. If the market is growing, then with a correction you need to buy it to strengthen your position and not

[22:57] raise the average price too much, and you will have it growing. For some reason, people want to buy something that is lying at the bottom and is not growing in the hope that it will grow. They move by analogy. This is, of course, very strange, but we'll see. Maybe you will succeed, but I do

[23:12] n't know anyone like that. Let's move on. This is one of our favorite metrics. Uh, here is Mozart, if I'm not mistaken. Kaito and I also watch it very often.

[23:24] Kaito and I also watch it very often. I just didn't show it. We have friends. Muti value Destroyed. If anyone is interested, you can also look at it. I don't evaluate this metric as something. - that metric that shows me the bottom or the peak, I'm interested in the

[23:37] dynamics of all these Metrics, just dynamics. I've realized over the past 2-3 years that not a single Metric, not a single indicator, is useful at all. Only dynamics are useful. That's how fast my channel is growing. How quickly the

[23:54] view surges start. How many people are subscribing, how hard people come to the community, how loudly they shout, how much they are ready to buy, that is, how quickly the dynamics accelerate. This is very important to me. I'm already

[24:09] dynamics. This Metric interests me purely. So, here we have a seemingly simple one, and then this Metric starts to turn and go at a more

[24:21] go at a more vertical angle. This is near the Peak, here the same thing is somewhere here, it starts to turn also somewhere near the Peak. Well, give or take, and here it's not visible yet, but already little by little, it starts to

[24:36] not visible yet, but already little by little, it starts to tilt, also friends, near the Peak. And this also tells us that so far everything is fine, this Metric will rise, it will rise in percentage terms, but it is rising. Somewhere around 20-30 pro in terms of

[24:51] the ratio to price, the scale is logarithmic, so it will be more here. Let's move so it will be more here. Let's move

[25:13] Let's do something more interesting. Unrealized Profit with us is Unrealized Profit with us is kju, one of the founders and authors of Crypto kju, one of the founders and authors of Crypto Quantum, he is also an analyst. So, we have

[25:27] friends, while our short-term hamsters. Well, at this mark in terms of unrealized profit, where are these marks, the profit, where are these marks, the dynamics are also dynamics,

[25:42] nothing more. There were such surges, here they were. Here they were, and here were such surges. Let's see where we are now in terms of the ratio. So, here we were, here it was the price of 600 dollars, yes,

[25:59] 600 dollars, then here we had a price of 10 to 20 thousand dollars. This is still Such a scale So we had this then there was a peak what is this wait I didn't get it And this is 1,000

[26:11] what is this wait I didn't get it And this is 1,000 dollars everything 1,000 dollars 20K sorry then we have the same point here this is also somewhere near the peak Yes near the peak and here

[26:24] now the same thing the dynamics are the same and now I remove all this and let's see what awaits us in terms of dynamics or Here's a story just a second or Here's a story and then a final surge or such a

[26:40] story right away we need to evaluate the dynamics what will happen here It is clear that this does not guarantee anything but in terms of dynamics so further realized capitalization less than one month is also an interesting metric

[26:54] Let's see we are also evaluating not the peak and not the bottom Let's evaluate the dynamics our dynamics according to this metric are falling because our volatility is falling therefore all RSI and everything that you see all these indicators will be falling in the global that's

[27:10] why I began to monitor the dynamics Let's look monitor the dynamics Let's look at the dynamics of this instrument all these dynamics It is still going on Down here it is here it is we are not

[27:25] interested in all this we are interested in the dynamics, so we can roughly estimate where this may all end. Therefore, seeing what we achieve according to the metrics of these

[27:37] figures, it will be possible to take a closer look at where Bitcoin is and add there the market sentiment of the audience that is screaming and is ready to buy, combine it all into

[27:49] one analysis and decide whether you want to stay in the market, is the risk to the river profitable for you, or has everyone gone crazy and it's time to flee the market. If you still want to get out, but we can all be deceived, pull off all this from us,

[28:05] big guys will buy it all out and carry the bitcoin further, so who knows, we will see, we will evaluate all this together. And then I think this is very interesting because analytics still helps to make a decision not based on what you want,

[28:20] but on some rather I consider fundamental and interesting metrics, fundamental metrics not fundamental cryptocurrencies, namely Trick, because it is chin - these are fundamental indicators. Let's move

[28:33] on. Here, too, a person shows how all this fits into all Bitcoin cycles, they are all different in dynamics. You can Observe, in each cycle, there was something different, here it is: accumulation,

[28:47] was something different, here it is: accumulation, accumulation, peak. Yes, what is there, accumulation, sharp accumulation, fall, accumulation, sharp. Yes, here in general, accumulation, accumulation, accumulation, accumulation, and a shot in each cycle, something different, so that

[29:02] people do not get used to it, because the hamsters are getting smarter and smarter, so every time something changes, the market is chaos. If everyone knew how it is, that is, where the market peak will be and where people's greed will lead, then probably everyone would

[29:17] buy only one asset knowing what will happen to it. But don't forget that there is competition in the market. Many companies play against other companies, many large funds play against each other, and still, it will not work out so that

[29:32] one fund comes to everyone and says, let's shave a trillion hamsters. And what's the point of them risking a trillion to take billions? So they will lose, they always play less at

[29:48] favorable points where risk reward gives them some kind of market advantage. And gives them some kind of market advantage. And believe me, they can buy at 30, 40, and 50. and at 60 and at 70 and at 100 dollars Bitcoin they will wait for the

[30:04] liquidity point. What does this mean when they will have? There will be volumes in the trillions. It volumes in the trillions. It cannot exit unless the market is ripe for

[30:29] are mistaken. There are different types of schemes and manipulations there. But these are all short-term stories. Somehow these manipulations do not affect me. Probably, if they affect you, then you are a follower, become a leader, become a hodler and go ahead.

[30:45] That's why everyone, all hodler, paused the video and fried and knocked out a little tea and coffee. We drank and moved on. And we have our usual metric MV Z

[30:58] Score. It was very cool to use it to determine where you could buy even more right when we came here. I just rushed, I just rushed, it was good. So, friends, the same thing in terms of dynamics, you can look or not look, but it

[31:12] essentially shows the same thing. Let's see where we are now, where we see where we are now, where we were in the last cycle and where we were the year before last. cycle So this point is about a little above the high, this point is

[31:26] also somewhere, but a little above the high, this point is also about a little above the high, everything is fine, everything is going well in terms of dynamics, what do we need, we

[31:38] need to evaluate what will happen next in terms of dynamics, maybe they will rub it off like this and then there dynamics, maybe they will rub it off like this and then there will be a real hype on the fierce Or we can have will be a real hype on the fierce Or we can have two such stages at once, bam-bam and we are already very

[31:51] far beyond a hundred. That's how things are about fear and greed, people are looking at all sorts of indices of fear and greed. I think that this is an absolutely normal phase and I still think that although we are already seemingly in Faith, there is no Faith at all.

[32:08] I am not observing this by these lines that are just drawn at random. I am observing all this in social metrics on YouTube and Twitter. There is

[32:20] no hype yet, friends. Where there is no gang yet, people are not subscribing, people are not subscribing, everyone is just shouting that oh, soon Bitcoin will be reset, reset, they are already fed up with it. Katya Enough already about the

[32:33] reset, change your tune already Say yes Well, that's enough I'm a bit of a dumbass Yes, I'm a rabid conspiracy theorist Well, okay, what we have here is that we have our own kita, these are wallets, this here is that we have our own kita, these are wallets, this means the number of addresses with

[32:48] means the number of addresses with balances of 10,000 or more bitcoins and friends are also here, cool dynamics I think that the number of these wallets will change in each cycle, sometimes there will be more, sometimes less, I think

[33:01] that here in this cycle we will also observe how long it will last We had a consolidation here, an accumulation of these, that is, there were sometimes less, sometimes more and then we fell because they were loading here, I think it

[33:14] will be the same, also unload And then we will go somehow increase their number That's how things are This is the dynamics further with us Bitcoin ETF What about our Bitcoin IFU,

[33:26] these people have already gotten everyone and from Grayscale people are selling their gbtc with a premium not with a premium It doesn't matter Here, they are premium It doesn't matter Here, they are buying funds from us at a good price volume, but

[33:41] our Total is negative. What does it mean that these 4 days of correction? This is all because we have an offer from gbtc, it still puts pressure on the market, it's pretty good. Not bad, but

[33:54] puts pressure on the market, it's pretty good. Not bad, but the demand has dropped a little from others, that is, the the demand has dropped a little from others, that is, the guys from Grayscale and other funds in terms of buying Bitcoin to secure their own TIFF. That's why I

[34:08] cycles and phases, so don't worry, it can't always be such a total growth that all the funds are stupidly buying, it will happen. It will go like this, then they will buy more, then less, then more, then less, and it will all

[34:23] go cyclically, this is all normal, the market will cool everything down. Okay, don't worry, all these outflows from gbtc. Let's see, they had about 00 thousand turns. Now they have 300 kBitcoins. Where are these 300 kBitcoins? Who bought them, and who

[34:40] else bought them as collateral? That is, they just changed hands. They earned on the just changed hands. They earned on the commission for two or three years while they held them. Now they are essentially distributing them to others. rock and others so that they also support it now, it's cool,

[34:53] eh The coolest thing is that Guys, eh, a lot of funds have set zero commission until a certain time. Therefore, if now all this collapses and then everyone leaves, they will not earn anything, so it is

[35:07] profitable for them to hold the price and I think that everything will be fine, so don't worry everything will be fine, so don't worry further Total Total for us is in general cryptocurrency market, something

[35:19] tells me that I am looking at it too conservatively, but for now my Vision for the dynamics, again without any Fibonacci points, just for the dynamics, a weighted average. This is approximately 5-8 trillion capitalization of the entire

[35:34] cryptocurrency market. Alts will increase it very strongly and the dominance will fall very sharply, including Bitcoin. Eh, well, in terms of cycles, this is the very last thing I wanted to share with you because I'm already tired of

[35:48] listening to this four-year cycle. What the hell are you, a listening to this four-year cycle. What the hell are you, a skon alarm clock. So, we will take these peak values ​​​​and look at the first candle that updates

[36:01] this peak. That's once again, right here. Our first candle is two, three, and four, which was higher than the peak, that is, we take the peak and the candle that updates and count to the

[36:14] next peak. How much time has passed? So, 273 days after the update, Haya. Yeah, well, then we have 334 days already, more, then we have 365 days already, more. Therefore, my

[36:28] hypothesis is that this is all expanding, liquidity is increasing, so it will take longer to liquidity is increasing, so it will take longer to rise and fall. Why? Because liquidity means that volatility is falling, so

[36:43] our cycles are stretched out longer. Look at the gold cycles, everything will become clear to you. Therefore, friends, they may deceive us, they may not deceive us, I will look. Not at the price of Bitcoin for a while, plus at social metrics, the figure I don’t know where the peak will be,

[37:00] maybe a stock, maybe 200, or maybe all 500. If I don’t see the hype of screaming people at 1K, I will continue to hold it. Therefore, friends, I wish you all to decide for

[37:13] yourself who you are in the market: a speculator, a fundamentalist, an analyst, what do you study? What are you doing? Choose a group of people for yourself so that there is no It's boring to sit in a bull and bear market and still try to play it for the long haul.

[37:28] Honestly, people who joined us 3 years ago are very happy with the result. Well, if you don't believe me, follow the link in the description in the Crypto community, check it out and ask real people of different

[37:41] ages what they think is better, speculation or investment. And how much to

[37:59] watching, for your likes, comments, and subscriptions. Write your opinion about Bitcoin. How do you analyze it? What do you think? The numbers are better not to write because they don't impress me. There have already been so many predictions that Bitcoin

[38:13] will fall from 10k to 9k for some reason. I deleted all these comments, I don't delete them. It's interesting, yes, the comment was written by Kiryukha with KotN, I'm selling in

[38:29] six months. This same person wrote the comment. Kiryukha. Thank you, I bought with you, comment. Kiryukha. Thank you, I bought with you, I made money on Solanka, you're the best. It turns out this same person. People deceive everyone, not me, so

[38:43] friends, don't deceive yourself. Kiryukha It's also better not to deceive I'm being honest with you Seriously And in the mood So let's stay in the stay in the hodler bull uh hodler

[38:57] saddle Thank you everyone good luck everyone until tomorrow see you very soon or in a couple of hours In our Crypto community if you dear hamster community there is a lot of useful stuff so go subscribed and subscribed to the channel

[39:14] and on Twitter you don't have Twitter So who are you not so much a hamster you are some kind of chipmunk the most fierce and incomprehensible Because if you don't have Twitter then your information field is bad you are being manipulated Just bury it you understand

[39:29] you are being manipulated Just bury it you understand so run run so I don't get angry everything Goodbye so run run so I don't get angry everything Goodbye silvople

[39:43] dialogue conduct as always say goodbye for 2 hours some kind of jokes to kill guys if this video gets 10 likes I will come up with some kind of interactive for you so that you can I do n't know. Or is it like that for you, but that's how it is for me. I

[40:00] love it. If I like something. And I find something fun. I love watching it for a long time. That's why I'll extend the ending for you and make a special time code. Those who want the basis in the form of information, please watch the beginning.

[40:17] information, please watch the beginning. For other fans of the deep philosophy of For other fans of the deep philosophy of the market with a stroller, the whole video is for you. It will be much longer. It's probably cool. Write, put likes. Well, let's

[40:30] see how much we get. We'll get 10k. I 'll do all sorts of jokes more often. So that 'll do all sorts of jokes more often. So that you have fun, a little fun is the most important thing for success. If it weren't for it, I wouldn't be positive. I would have

[40:46] already burned out in these 2-3 years. Sometimes they love it, sometimes they hate it, sometimes the project doesn't work out, sometimes it's already working out. Friends. You need to have huge balls and never back down. That's how it is. That's

[40:58] all the post was given, the post was accepted by hodler. And with pekuly. That's all. Bye everyone. hodler. And with pekuly. That's all. Bye everyone. See you tomorrow. Sasha. Just try inserting this. I'm stupid, stupid, stupid. I know where you are. You live,

[41:13] look, damn, think about it. Do you need it? Oh, it's hard. All the flora and fauna in this market, hamsters and chipmunks, all sorts of moose, deer, bulls, bears. Who's there? Who survives

[41:26] then? Who survives then? Hamsters who managed to dig a huge hole, a dugout, bury it who managed to dig a huge hole, a dugout, bury it in it, stake the bear, stake the coins, then dropkick what? Some Mishka or a

[41:42] Bear ran by above, oh, a bear or a bull. Yes, it's like that. I hid in a dugout, quieter than water, below the grass, all sorts of bears and bulls are running around, I'm drinking my coffee

[41:56] normally. Do you think I'm overgrown? I'm sitting in a dugout. There's just a green screen, you can't sitting in a dugout. There's just a green screen, you can't see it, there's a stupid wall of earth, yeah?

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