#analysis THREAD

Here I'll show that investors already consider BTC a safe haven under on-chain capital flows.

Common wisdom that BTC is "risk-on" is a fallacy; solely a consequence of trader liquidations on derivative exchanges.

During the 2 months of the COVID "correction" BTC price went from $9k to $9k with very quick and deep price rejection below $7k. Even traders rejected sub $7k valuations.
As fears of COVID swept the economy, investors moved into Bitcoin. You can see this in the NVT Price Chart which values BTC according to on-chain investment velocity.
This coincided exactly with coins being scooped off exchanges and locked into long term HODL wallets. The largest by far in BTC's history. It still continues.

While traders were selling Bitcoins, investors were accumulating. It's investors that determine the long term price.
The fundamentals of BTC became visibly bullish over the COVID correction, this was hidden by traders freaking out and being liquidated. Bitcoin is only now reflecting its organic valuation.
Bitcoin has been acting as a safe haven all along. One awesome innovation Bitcoin offers is a blockchain for us to see this in high resolution.

Price is a laggy indicator of quantitative fundamentals.

Price follows fundamentals. It's a safe haven already.
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More from Crypto

A primer on how to use @coingecko for your crypto data/research/trading needs.

Share it with a friend who needs it!

1/ Getting started with crypto and want to check prices/projects? https://t.co/LFnk4vukxj has info on just about every crypto you'll need :)


2/ Search over 6000+ cryptocurrencies available on the market. You can see what's trending in the space as well.

Researching by categories? Filter (left side) -> Select categories -> DeFi, DOT ecosystem, Exchange-based tokens, NFTs - anything!


3/ Lets say you're looking at #Bitcoin
https://t.co/g205lj03pG

At a glance you get:
- Price
- Mkt Capitalization (valuation)
- Circulating/Total supply
- 24h trading volume
- Links to websites, social media, block explorers
- Calculator

Next - check valuation?


4/ Market cap is used to rank coins, and we'll show you how its calculated - Hover over Circulating Supply (?) for breakdown.

Note: used @chainlink as example here - https://t.co/Jc46fe79Ag

While MC is important also consider product fit, narrative, team, community etc.


5/ If you're trading on AMMs like @Uniswap or @SushiSwap, you can copy the contract address directly to your clipboard.

Using @metamask_io? Add the token directly so it shows as one of the "Assets" that you own in the wallet.

See: https://t.co/94XihMf5oz

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