🚨  #Bitcoin on-chain data: Previous Cycle top vs Current price analogy 👇

We are far from euphoria.

(This is not financial advice, Always do your own research)

Sure, retracement can happen. But on-chain historical data tells a different story. 

Simple Facts:

1. Short-Term Holders
Now: 25% of Bitcoin
Peak Years: 50%+
Translation: HALFWAY to euphoria

2. Google Search "Bitcoin"
2021 Peak: 100%
Today: 15%
Translation: No FOMO yet

3. Diamond Hands Test
- OGs still holding 65% of supply
- Not selling like previous tops
- Exchanges running dry

4. Where Are We Really?
Think of it like this:
We're in 3rd quarter of the game
Not the final minutes 🏈

The Truth:
- No crazy FOMO
- No mainstream mania
- No peak greed

⚠️ Risks: 
- A Black Swan event (regulation, macro crash) could shorten the cycle. 

Bottom line: 

Patience > panic. 
Data > noise. 

Buy Bitcoin.
#Bitcoin