BITCOIN GOING TO COLLAPSE? – The Perfect Storm Is Brewing For Cryptocurrency!

🚨 Alerts & Analysis: https://www.sheldonevans.com

MY ONLY OFFICIAL LINKS!
🐦 Twitter: https://twitter.com/SheldonEvans
📷 Instagram: https://www.instagram.com/sheldonevansx

#cryptocurrency #bitcoin #ETF

Disclaimer:
The content covered on this channel is NOT to be considered as investment advice.
I’m NOT a financial adviser. These are only my own speculative opinions, ideas and theories/hypotheses on the market.
The technical analysis on this channel is completely speculative and does NOT guarantee any specific result or profit.
The technical analysis on this channel has NO proven rate of accuracy and past performance is NOT indicative of future results.
Do NOT trade or invest based upon the analysis presented on this channel. Always do your own research and due diligence before investing or trading. I’ll never tell you what to do with your capital, trades or investments. I’ll also never recommend for you to buy, sell, long or short any asset, commodity, security, derivative or cryptocurrency related instrument as it’s extremely HIGH RISK! You should always consult with a professional/licensed financial adviser before trading or investing in any cryptocurrency related product.

If looking at the chart on my display right now has you thinking that the best days in the parabolic rise for Bitcoin is now in the past that the spot ETFs have been approved I’m here to show you that the perfect storm for the Bitcoin Bull Run of the decade is brewing right

Now behind the scenes hey guys sheld n here welcome back or if you’re new here don’t forget to hit the Subscribe button and turn on all of those Bell notifications so as you can see I’ve got four points marked out here on my display right now and each of them marks

The top of Bitcoin bull runs in the past and each of them also signifies point of approval of some sort of ETF in the past of course the Futures ETF and we just recently got the spot ETF approvals one of the most Monumental greatest most looked forward to days in the history of

Bitcoin but there’s some correlation here as you see each of these times have has marked a significant decline in Bitcoin from the top of the 2017 bull run to the mid 2019 bull run as well as the top of the 2021 major parabolic Bull Run now we have a spot ETF ETF approval

Around the same time after we’ve had significant rise from around 15K for Bitcoin up to around $499,000 now what would spark further growth for Bitcoin if not speculation the speculation that led us get to the point that we’re at right now in anticipation of the spot approval well

We have to look forward to the next speculative event and I’m going to show you how there’s quite a few events lined up at least in the coming year or 2 years that could spark the potential Bull Run of a decade and see how that Capital flows back into your pockets if

You make the correct bets now we’ve heard the comparison that gold is very similar to bitcoin or that Bitcoin is the New Age digital gold now if we look in the past what happened after the Gold ETF was approved the spot ETF in 2004

Gold went on to do a 400% gain in the coming seven years now if you’re in the world of crypto or if you’re in the world of Bitcoin this seems pathetic it doesn’t seem like a great gain at all considering that simply since November 2022 we’ve done a 200% gain from the

Bottom of the market and if we go back to 2019 or 2020 when we had the co crash we’re still up around 1300% and around 1,00% to the prior all-time high so a simple 300 or 400% gain over the next 7 years might not seem appealing at all

That’s why I’m here to show you that it’s important that you place your bets in the correct places if you want to capitalize on the upcoming Bull Run yes there might be a significant downturn in the meantime as we get some sort of Correction after this major parabolic rise that we got

Into the spot ETF approval we need to understand how the narrative has shifted and where the narrative is going if we want to understand where we’re going to place our Capital to make insane gains in the coming year or two so gold on steroids that’s essentially what Bitcoin

Is touted as it’s the easy to transfer transport easy to buy easy to access and storable form of gold that most people have access to now with the new age of the internet and the growth of network effects it’s very easy for people to get the hands on this new form of digital

Gold something that they couldn’t do with gold in the past which is may have been why it took seven years for gold to do this 400% gain and it has taken us just a couple months for Bitcoin to do a 200% gain of course we have to take into

Account the type or the amount of capital that gets injected into these markets as well now it might be even not in bitcoin’s favor to think that gold is essentially a multi-century asset that has been around for many many years that most people understood knew and could see as

A store value it was simply the ETF that came into play that allowed people easy access to that Bitcoin doesn’t quite have that same historical significance yes it’s been around for a very long time over 10 years but it doesn’t necessarily mean that it has the same historical significance as Bitcoin does

It’s going to take some time for that education and for that narrative to shift into play as people start shifting their capital from other assets that they believe are hard assets like gold as an example to bitcoin but in the meantime while that happens it’s going

To be a slow and steady rise to new all-time highs as Bitcoin gains dominance in this market of hard assets or stores of value now what I really want to talk about here is why this is important to understand where this capital is flowing in the market you

Might have seen some form of this chart somewhere on the internet if you’ve been or spent any amount of time in crypto in the past and that’s the flow of capital from Fiat to bitcoin to large caps to midcaps into small caps now I think this cycle is going to be disrupted heavily

In the upcoming bull markets and the reason that I say this is that it has already been disrupted slightly with the introduction of stable coins one of the most valuable assets or parts of the crypto ecosystem that I do believe has the potential to bring in millions of

People into the crypto ecosystem because people don’t necessarily just immediately abandon Fiat entirely in favor of crypto they still want access to both or they want the ease to switch between them and that’s why stable coins are valuable and have allowed people to maintain or enter and exit this the

Market quite easily by sitting on the sidelines in some form of stable coin but there’s something else that happens now with the introduction of this ETF you see capital in funds like these exchange traded funds these ETFs is sticky it’s sticky stickier Capital that doesn’t really allow or does actually

Allow ease of transfer and more liquidity in the market but the funds are stick people are less likely to trade in and out of these ETFs once they’ve allocated some Port of their part of their portfolio to these ETFs and we can see that simply with the gbtc

Conversion rate with billions of dollars in the fund and only a couple hundred million dollars in outflows over the past couple days doesn’t necessarily mean that people are exiting Bitcoin entirely after there are many new options with much lower fees after the approval of the new ETFs so it shows

That the capital in these funds is very sticky now why is this important well it’s important because we’re going to take a look at some onchain metrics like bitcoin’s percent of supply and profit a metric that in the past has signaled tops of markets because as people

Obviously enter a period of profit or when their portfolio is in profit they start taking some of those profit and start taking some of their Capital off of the table and you can see that in the past the tops of markets have generally appeared during periods of high

Percentage uh of the supply and profit around 97% uh in 2018 we can see in 2019 around 89% or 90% we can see 2021 we had around again above 90% And the second peak in 2021 we again above 90% those was a peak of the market now we’re approaching

These ranges again quite slowly uh at the moment but it has accelerated obviously over the recent rise from 15K as much of the supply has gone into profit now this could Mark the top of Market of course but what we need to think about here is how the supply or

How the people are going to start taking profit especially if we’re thinking about Game Theory here in the future as more of this Capital not doesn’t necessarily go directly into Bitcoin and into self custody but rather into these ETFs how is this metric going to change

As people do or do not take profit as Bitcoin enters a parabolic or maybe slow steady growth to the upside now you can imagine if Bitcoin has a slow steady rise to the upside over the next seven years just as gold did uh after their ETF approval what will happen to bitcoin

Bitcoin’s percentage of the supply in profit well I believe that what will happen here is that we will start seeing a stickier version of Bitcoin less profit taking over periods of time as Bitcoin becomes more of a stable less volatile asset as its Market c cap grows

And becomes uh some sort of world Reserve asset as many people believe and hope it to become which I do believe as well myself that it has the potential to do so if this is the case I believe that the flow of this Capital will be disrupted heavily why well if you’re

Buying Bitcoin through an ETF and not necessarily onchain and custody it yourself you can’t necessarily sell that Bitcoin very easily and shift those profits into other altcoins in the market and move that Capital into stable coins or into smaller cap or larger cap uh cryptocurrencies because you’ve

Bought it through an ETF and the reason you bought it through an ETF is because you struggled to get Bitcoin without the ETF in the first place the reason these ETFs exist is to make it easier for you to get access to bitcoin so who are we looking to take profits we’re looking

For the older holders to be taking profits so the longer a coin is in a wallet we can look at the and look at the dorcy rate and this will help us understand how long coins stay in a wallet before a Bitcoin is moved or exchanged or traded or destroyed now as

Time goes by I believe that the domancy rate has to go down in order for us to see those profits move into other Capital tokens such as ethereum salana cardano whichever token you’re looking at especially the micro caps and the smaller cap tokens we’re going to be looking for the existing participants in

The market or at least in the future new retail participants self- custody participants people who have Bitcoin and have access to the capital themselves and aren’t necessarily buying that through the ETFs to be taking that profit and shifting it into the rest of the market so while we wait for the ETF

To take time and gain uh market share and gain uh their customers and their clients moving some of their portfolio into Bitcoin we will rely on the existing participants or the self- custody participants of the market to start selling their Bitcoin or selling their ethereum whatever they hold currently and shifting those profits

Into the other alt coins or into the market especially if they’re buying through the ETF we’re going to have to rely on only those who have self- custody of Bitcoin to be selling that and moving those profits into the rest of the market if we want to see this

Flow of capital exist and we want to see a parabolic crazy opportunistic bull run like we’ve seen in the past and I do believe that is happen is is possible and is going to happen as long as the ETFs are marketed correctly I believe that the ETFs and these funds will

Market these ETFs as to to institutional investors in order to secure and hedge against downside they’re not necessarily going to sell these products to their clients for the potential of insane potential upside it’s more so going to be sold as a hedge against downside meaning that again the funds will be

Stickier or the capital will be stickier in these funds allowing us or the early buyers like you and me to be taking profits and shifting it into the rest of the market and then the game sh Theory shifts from playing against the institutions to playing again against

Against one another a PVP type of Market in which we have to chase this capital and be very very smart with where we’re placing our bets in the market now if you want to be a part of this make sure you hit subscribe and you turn on notifications for this channel because I

Will be showing you my play-by-play as I go through this bull market in the next 2 years and we can see the beginning of this happening as well as you can see that ethereum jumped right after the ETF approval and why is that because we saw

A shift in narrative so if we take a look at ethereum you’ll see that we did get a significant gain right after the ETF approval let’s take a look here we got around a 20% I think at the time of this recording was around a 15% uh gain

In ethereum after the approval of the Bitcoin spot ETF that just shows us that people took profits from Bitcoin shifted into the next potential narrative which of course is the ethereum ETF that could get approved now that we know black Rock’s history we know black Rock’s

Approval rate yes Black Rock in the past has had pretty much a a stellar approval rate when it comes to ETFs and it was almost a guarantee that they would get this approved but now that they’ve entered into the Crypt sphere and they’ve got that approval we see the the

The headlights shining on next potential ETFs like the ethereum ETF now this might not get approved whether it does or does not it doesn’t matter all that we’re looking at here is that the narrative is Shifting to this and I believe that this narrative will shift quite frequently throughout the next

Bull Run as people start eyeing different tokens that they believe an ETF would come from as many of these funds W their clients or wants Wall Street to get their hands on this industry and get their fair share of this potential crazy parabolic Bull Run that we’re about to enter which in in

Tune is actually going to be fueled by the institutions buying and then causing the retail parabolic fomo rally that we will see I believe in the next year but there’s a couple things as I mentioned in the beginning of this video that are lining for the perfect storm for this

Bull run and of course that is the timing of the market the ETF is perfectly uh in line with some sort of Correction now as we head up to the Bitcoin harving now you know in the past Bitcoin harving have been a catalyst or at least uh the beginning of a catalyst

To a parabolic Bitcoin Bull Run simply being that there are fewer Bitcoins coming into existence after the harving and more people are selling or holding on to their Bitcoin at least the miners are holding on to their Bitcoin until Bitcoin gets into a period or price that

They are comfortable to sell out and it makes it profitable for them again to mine so we’ve got one Catalyst there the second of is of course an election here markets generally do very well in election years simply because they want to change the market sentiment they want

To change the uh sentiment of the voters in order to get reelected they want to make markets uh look very good they want to make the economy look healthy so they’re going to do everything in their power to make that look good and what does that mean it means that the markets

Are going to go up and if uh traditional markets go up same thing is going to happen for crypto we’ve seen that in 2020 when the uh we had the initial crash and we Market started going crazy gold is at an all-time high now as well

Right after that crash so you guys can remember we had the crash in 2020 and we had a huge huge run to new new alltime highs and this happened across markets I believe the same thing is going to happen again uh as we have enter this

Election year and the final thing is of course potential rate Cuts now you can go to the CME Group website and you can take a look at this for yourself now at the moment there’s a 100% probability that we’re going to get rate Cut Rate Cuts sometime with this year lining up

Very similar similarly uh to the timeline of the Bitcoin Haring now of course this will change as time goes by and these probabilities will change but right now most people are anticipating some sort of rate cut we just did get CPI numbers that came in slightly higher

Than it expected which isn’t great and maybe they will keep the hike uh the rates at the same rate and there won’t necessarily be Cuts but as soon as those cuts start do start getting introduced the money printer turns back on and we have exactly what we had back in 2020

And we get this parabolic rise uh as as the printers turn on and we get crazy rise in ethereum Bitcoin and all markets uh and potentially new all-time highs as that Capital flows not only into Bitcoin but then again as I just explained in this video those profits get rotated

Into the rest of the market and we all are happy again if you’re not happy right now but I am your bull market guide and I will be here to tell you what I’m doing during this bull market follow along turn on notifications comment down below and as always I shall

See you in the next video cheers