BTC Outlook (Patreon)

There are a few points worth considering here. Many people are becoming quite bearish, believing the bull market has ended. However, historically, bull markets typically last around two years, followed by a challenging year of a bear market (late 2025-2026 I reckon). The quarterly returns above demonstrate Bitcoin's performance during bull markets, such as in 2016-2017 and 2020-2021, where most quarters showed positive, and sometimes significantly positive, returns.

But this one is super interesting. Less than 1 month left of Liquid Inventory... ETFs are taking up supply.

The decline in the Liquid Inventory Ratio suggests that more Bitcoin is being moved out of exchanges and into self-custody, reducing the amount available for sale. This trend is driven by increased demand from new market participants, such as exchange-traded funds (ETFs), which lock Bitcoin into wallets with no history of selling