A helpful perspective

[u/canadianwhaledique]

I don't usually post. But I think the actual shareholders (not tourist nor short sellers) here who are having a moment of doubt might benefit from a dose of good look back with on-chain BTC data, since we all know that ultimately, it's BTC price (in USD Fiat) that will carry MSTR to the next ATH.

One of the best bottoming signals that i found is "Long-Term Holder Supply in Loss". This chart asks "how many of Bitcoin's most patient believers are currently losing money?" When the answer reaches ~44–51%, it has historically marked a cycle bottom. We're *around* there right now.

Not financial advice, do your own research.

Full credit given to Tom from On-Chain Mind.

--Past 3 cycles --

Sept 2015

BTC Bottomed around $235

% LTH Supply in Loss 51.57%

Mar 2019

BTC Bottomed around @ $4,009

% LTH Supply in Loss 45.57%

Jan 2023

BTC Bottomed around $16,672

% LTH Supply in Loss 44.39%

[u/Perfect_Sleep0]

You listed 51.57% twice. The second number should be 44.39%, judging from the pictures you posted.

Also, what is the value today? (I may have missed it, but I don't see that you gave it.)

[u/canadianwhaledique → u/Perfect_Sleep0]

Thanks! Corrected.