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Debunking the bears: TBL Weekly #131

Nik Bhatia and Augustine Carrasco

Mar 1

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Good morning Readers!

This past week, as discussed during Thursday’s TBL Pro Q&A, has been nothing short of volatile for bitcoin. Lots of bearish narratives are finally seeing the light, as investors seem to be stepping on eggshells, looking for any signs that will prove their long-term hypotheses correct: that risk assets are overpriced. New bitcoin investors are getting cold feet, but this is nothing new to old-timers, and we will show you why we believe this downturn is just a bull-market correction:

We first look for a potential floor in bitcoin’s short-term holder data.
We then look at components within TBL Liquidity that explain the current downturn. Rates have fallen dramatically—this must be considered a signal, only what kind?
Lastly, we explain why we still see a strong consumer, and therefore strength in short-term holders.

So, without further ado, grab a coffee and let’s dive into TBL Weekly #131!

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Weekly Analysis

Short-term-holder driven scare:...

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