A Left Translated Cycle

Double Catalyst: ETFs + Halving

Dear Bitcoiners,

Today, we explore the concept of a left-translated cycle. In a previous edition, we discussed how the ETFs and Halving combination serve as a double catalyst. The ETF approval has propelled us well over $50,000, caused by a supply shock in available supply for trade due to the increased demand of thousands of bitcoins per day, which we closely monitor through our ETF Tracker. The upcoming Halving will exacerbate this effect by reducing the supply from the current 900 to 450 coins per day that are added to the circulating supply. With the ETFs being in the ‘thousands of coins’ range (although heavily fluctuating) and the Halving in the ‘hundreds of coins’ range one could argue that the true catalyst for this cycle’s bull market is the ETFs rather than the Halving.

In the chart below, we aligned the previous Halving cycles with the ETF approval instead of the upcoming halving, resulting in a left-translated cycle.

This chart is now live available for paid subscribers

I’m not arguing for or against a left-translated cycle, but if one were to occur, this would be your go-to chart.

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Let’s dive deeper into the concept of a left-translated cycle and explore its key insights.

A Left Translated Cycle