Bitcoin in April Changed EVERYTHING… The Truth Will Shock You ⚡️📈💥
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Hello everybody. It's Monday. Monday is
the day we talk Bitcoin and Micro
Strategy exclusively because things are
happening and they are interesting. And
this one's called shifting sands. And
the reason for that is I am struggling
to find bearish signals.
A lot of things both onchain and
otherwise are looking very positive.
We're going to break it all down today
as well. So, and if you look back just
at the last six months, ever since the
downturn,
you could argue that, you know, since
the high in October, we roll through 3
months to the end of the year and then
another 90 days to the beginning of the
year. Technically, we've been going up
since the beginning of the year. So if
this is true, you could technically also
argue that the bare market drop happened
record time like 90 days and since then
it's been a slow recovery. So let's have
a look at some charts and figure out
what's going on. I think I'm going to
sneeze. Whoa. I've never sneezed live on
stream before in five and a half years.
Weird. [snorts] It' be funny if I do it
today. I never never sneeze. This is not
financial advice. Sorry about that
digression. And shout out to Patreon.
I'm so happy I got into Patreon two
months ago.
already made enough to pay my Patreon
subscription for was that 20 years.
Awesome. We had some fun trades and
yeah, 2026 I do want to stress it was a
struggle to find alpha, but we were
lucky and got lots of great trades in.
But remember, we're going into
summertime, too, so things are a little
overheated now. So, don't get too
trigger happy. Slow down. Start building
up cash reserves. start hedging again
and then we'll see what comes next. But
there could be a big rotation out of AI
back into crypto. We'll see if that is
on the cards too. Anyway, thank you so
much McKenna Moss for being here. Now,
let's look at some of the data points.
First of all, um Bitcoin is up 3.8% for
the week. Uh we had a spike to about 795
yesterday, which was also a 90-day high.
And that's also 33% off the bottom. And
we have huge stacking by Micro Strategy.
It continues another big week. They
bought about 38,000 Bitcoin the last two
weeks. Shocking. They now have 818,000
Bitcoin.
And that is a lot. I believe at this
clip they could hit a million Bitcoin by
August. I know Michael Sailor's gunning
for a million Bitcoin probably by the
end of the year, but again, if they
continue at this clip, it's quite
impressive. And it's not just them
coming into the ETFs are back. But let's
look at some of the other interesting
news too. And I'm going to turn off my
camera for this part so you can see all
of the data. This is a whole bunch of
snippets of things kind of I look at. I
call it the shifting sands. And they're
mostly bullish. Well, you look at the
MVRV ratio bullish. Bitcoin dominance
bullish. It's above 60. Stable coin
supply all-time high bullish. That's the
fuel that fuels crypto. Long-term holder
supply very bullish. The holders are not
long-term holders are not selling. In
fact, they're stacking. Exchange flows
little bit of accumulation, but there's
not a lot of retail action. The
institutions, ETFs, sailor, etc. They
are the ones doing the stacking. The
liquid supply is about 74% very bullish.
Most Bitcoin is locked away. Even if you
see stuff in exchanges, it's not for
sale. Fear of greed 62. Wow, we were
extreme fear for the longest time and
boy did that change. So, I mean, I'm
struggling to find bad news bears here.
It's all pretty good. But let's look at
some more stuff. Bitcoin is up 13% in
April. Also very good. Historically,
Bitcoin or not Bitcoin, April is the
second best month of the year for
Bitcoin after Moonvember.
But May is also good too. Not that
history will repeat because it hasn't
repeated in the last two years. But
again, not bad so far for April. And
after the spike yesterday, we'll see if
we can reclaim that too. Let's look at a
couple of other things as well. Last
night was kind of exciting as watching
Bitcoin pump and we shot up. Like if you
look and again wind back the clock to
the bottom, it was like Feb 5, you know,
combination of things in the Middle
East, etc. Bitcoin take a nasty dip way
down to 60K. A lot of people are saying
that was the bottom. People like
Fidelity, people like myself, etc. But
there's a lot of Bitcoin experts are
praying for 40K because they didn't get
to snag anything at 60K. So hope is not
a strategy. We'll see if they get their
40k. I think it's unlikely. However, if
you look at the action basically since
April, it's just been up only constant
accumulation. And remember, every time a
billion dollars goes into ETFs, the
Bitcoin price goes up by 3%. Remember
that 3.16% to be precise. I will redo
all those numbers again shortly. But
what is important is on the ATR model,
we broke through $79,000.
That historically was a big level of
resistance. If we can flip that, if we
can stay above 79K for three days, that
means we're heading to 80 85k pretty
shortly. And after that, 96K, which is
level five. 96K was also big resistance.
But there's also some confluence around
the 79K. We'll dig into in a minute from
some onchain data. Now, we also had the
highest weekly close since January.
Again, we've been up only pretty much
since January. Last 90 days have been
very very positive and that's a good
takeaway. Today is weak but that's okay.
Monday often sells off but the spike on
Sunday night was very interesting to
watch. Now this is the weekly time frame
for this chart and you can see the trend
has not turned positive yet but it did
turn positive on the daily a long time
ago as well back around 67 66k. So we'll
see where this goes. Now,
back to confluence. We have a thing
called the short-term holder realized
price. That's at 82,000. We got within
$2,200 of that last night. Now, why is
that important? Well, this is the
average cost of Bitcoin for the
short-term holders. Now, sometimes what
happens is if you have people that
bought at say 82,000
and then they saw the price going all
the way down to 60K and they're like,
"Oh my god, why did I ever try this
Bitcoin stuff? It's killing me. Now,
when it returns to 82K, they might say,
"I can sell now and just break even,
i.e. sell without a loss. No more of
this Bitcoin headache for me or
whatever." It's unlikely people will do
that, but again, it is part of the
mentality. But if we can get back above
that short-term holder cost basis, that
would also be very important. And
that'll give people when they start
making profit, they feel happier and
they start buying more, too. But it
could be a level of resistance at 82K.
So watch this carefully and the exchange
sell pressure has eased a lot too.
Long-term holders not selling. Uh stuff
is not saying now. Now that I say that
though, Wintermute, who are market
makers who like to play with the Bitcoin
price, they have allegedly put
20, 30, $40 million of Bitcoin to
exchanges on Binance. So, there could be
a little dump where this could be a
contrived dump on behalf of somebody
else. So, don't get shaken out with this
little bit of uh $2,000 off Bitcoin
price today. It might be contrived just
like everything else in the markets.
When you go into the markets,
understanding that everything is rigged,
you're much better off. If you think
it's a zero- sum game, it's you against
some random person on the street, it's
not. There's bigger forces at play.
Always go into the markets remembering
that. Now, shout out to Ecoinmetrics. It
believes also Bitcoin recovery is well
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