Risk-On Momentum Building!
4-Year Cycle, Catalysts for the Next Leg, On-Chain Signals
Dear Bitcoiners,
What an absolutely insane week it has been, with a 12-day war coming to an end. On top of that, a U.S. housing regulator directed lenders to consider Bitcoin as part of mortgage reserve assets, a big step in Bitcoin’s maturation process. All of this is happening while Bitcoin treasury company activity is accelerating. And more broadly, risk-on momentum has been building, with the Nasdaq 100 hitting new all-time highs, followed by the S&P 500. Is Bitcoin primed to be next?
In this newsletter, we unpack the recent risk-on momentum and what it could mean for Bitcoin. We’ll then explore how this lines up with the seasonality of the 4-year cycle and discuss key events that could serve as potential catalysts. Lastly, we’ll look at on-chain dynamics playing out and what to watch next.
Be sure to subscribe, this one’s a banger. 👊
Chart: Risk-on asset performance in percentage terms: Bitcoin vs. equities.
