Here's Why Bitcoin Should(And Probably Will) Break Its Previous ATH Before The Halving This Year

On the 17th of April, the Bitcoin halving is scheduled to occur. The highly anticipated event is programmed to slash Bitcoin rewards that miners are getting in half, leading to a mere 3.125 BTC per mined block as of the halving. That means that the supply of freshly mined bitcoins that will get on the market coming from miners is going to become scarcer and scarcer.

Now, an important question that might arise is: who the heck is going to buy Bitcoin when the likes of the UK and Germany are already in a recession? Where is the purchasing power for the digital gold gonna come from if individuals all around the world are inclined to spend less and less?

Well, you would be surprised (or not), but ETFs are going to be eating 162,077 BTC off the open market by the time the halving hits. If... If they keep on scooping up Bitcoin for their clients at the same pace they have done so far.

The likes of BlackRock and Grayscale, along with other investment funds that are offering Bitcoin spot ETFs currently, are devouring about 3,800 BTC a day. Hence the current volatility that still manages to scare the heck out of some investors. How could one be bearish, no matter the macroeconomics, when you have ETFs devouring 3,800 BTC a day? It's beyond my understanding...

And, we are getting closer and closer to the halving, which will make buying Bitcoin cheap (under $50K) even more difficult.

Recent data identified by HODL15Capital shows a shorting trend in the Bitcoin market, with leveraged positions potentially leading to approximately $1 billion of liquidations between the $52,400 and $53,000 mark. As Bitcoin stabilizes around $52,000, the Binance BTC/USDT pair, using the Coinglass Liquidation Heatmap, reveals substantial leverage above this level.
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Over-leveraged traders will never learn their lessons and will always get burned during these volatile times. We currently have a godlike green monthly candle of around $10,000 on Bitcoin, and if BTC won't dip below $50,000 by the end of the month, that will probably be the biggest monthly candle Bitcoin has ever had. Very few are able to grasp what's coming to crypto.

Currently, the monthly issuance of Bitcoin stands at 27,000, yet an anticipated halving event in April is to cut this issuance to 13,500 BTC per month. Interestingly, across all cohorts, Bitcoin accumulation is outpacing issuance by over four-fold.
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27,000 BTC are currently being mined on a monthly basis, and ETFs alone are scooping up 3,800 BTC a day. I guess that explains why Bitcoin looks to be unstoppable in terms of price appreciation. The ETFs are collecting BTC from miners who are producing it, as well as traders and investors who feel like $50,000 is a good level to sell.

Personally, I would not trade anything at the moment, and I would definitely not sell Bitcoin, if I had any... Usually, the real demand for spot ETFs comes after about three months or so, and so far we only have something like a month or so since the ETFs were launched... FOMO is going to kick in really hard during the summer, and it's going to be epic.

Hence, the four-year cycles that we've been accustomed to will probably become history, and the top might occur sooner than the majority is expecting. If BTC breaks its 2021 ATH before halving, that will be a record it has never achieved, which will fuel FOMO of incredible levels, coming from both institutional and retail investors.

We have an election year for many countries in the world, and election years are usually bullish for equities. How do you think crypto will do during an election year? I'd say it will do well.

South Korea’s opposing Democratic Party is pushing to allow local citizens to invest in spot bitcoin exchange-traded funds and enable financial institutions to launch their spot bitcoin ETFs, local news media reported Tuesday.
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Well, a couple of years ago, I mentioned in a few of my posts that at some point Bitcoin would become highly leveraged by politics, and here you have the proof of my words coming true. The mass adoption hardcore Bitcoin believers might never come to fruition, but Bitcoin is no longer just a punk's currency either.

18,000 BTC left the custody of Coinbase yesterday, and that's not typical trader behavior to me. The arguments for an insane Bitcoin summer are more than obvious to me. What's funny, though, is that although Bitcoin is closer to its ATH than it is to its bottom ($15K), the masses are still fearful about this rally. These people will either sell too soon when things start to really get crazy or FOMO in near the top.

Some people simply never learn...

Thanks for your attention,
Adrian