Bitcoin Is Grinding Lower – 10 Catalysts Traders Are Watching

Author

Markus Thielen
April 28, 2024

👇1-13) Some argue that ‘time in the market’ is more important than ‘timing the market.’ This has undoubtedly been the case if you have been early in the Bitcoin game. When assets mature, looking for catalysts becomes more important for new investors.

👇2-13) Consider this: By the end of 2012, nearly 50% of all Bitcoins had been mined, giving everybody a huge advantage early on. By the end of 2017, almost 80% had been mined, and this was when prices were still low. Now, 93.8% of Bitcoin has been mined.

👇3-13) Conversely, those who entered the Bitcoin market during the last few years faced a much higher entry price with diminishing cycle returns. Companies (and assets) often experience a period of waning returns themselves. Whereas young companies thrive, mature companies grow slower. The same principle applies to Bitcoin, and it's crucial to be aware of this when considering your investment strategy - hence the importance of identifying and reacting to catalysts.

Subscribe to Market Updates to read the rest.

Become a paying subscriber of Market Updates to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

A subscription gets you:

  • • Receive 2-4 concise, informative Market Updates reports per week.
  • • We cover everything that impacts the price of Bitcoin and other major cryptos, from on-chain data to macro and market structure (funding rates, money flows, etc.). Our insights are trusted by some of the largest hedge funds and traders in the industry.
  • • You'll gain full access to our in-depth 'Market Update' analysis, informed by our experience at leading investment banks like Goldman Sachs, Morgan Stanley, and JP Morgan, as well as managing hedge fund capital at Millennium.
  • • We rigorously backtest our insights and are unafraid to call bullish or bearish market conditions. Our research is unique and grounded in solid financial analysis, offering perspectives you won't find anywhere else.