Extract Alpha from Financial Content

The post is a general greeting to holders of the $REKT token and does not contain actionable investment advice, price targets, or specific timeframes. The image is a stylized graphic and offers no financial data or insights. Investors should not consider this as a basis for any investment decisions.

The chart presented by Benjamin Cowen at Binance Blockchain Week indicates that Bitcoin's MVRV Z-Score Risk (red line) has historically peaked and declined after significant price rallies, signaling potential market tops. The current position on the chart, likely around late 2022/early 2023, shows the risk metrics are relatively low compared to previous bull market highs, suggesting a potentially less risky entry point or accumulation phase for Bitcoin based on historical on-chain data. Investors should monitor these on-chain metrics for shifts that could signal increasing risk or a new bull cycle.

The chart suggests Bitcoin's current price action (red line, labeled 2025) is closely mirroring its 2019 bear market trend (blue line, labeled 2019). Both periods show Bitcoin topping on apathy before Quantitative Tightening (QT) ended, indicating a potential for further downside if the 2019 pattern fully repeats. Investors should monitor the QT schedule and Bitcoin's price relative to its 2019 trajectory for signs of a bottom.

The crypto market is expected to remain bearish in the short term, so patience is advised until key economic indicators improve. Consider accumulating Bitcoin (BTC) on further weakness as a long-term investment, with a major rally anticipated around mid-2024 once the PMI rises above 50 and the Fed begins cutting rates. Expect Ethereum (ETH) to underperform Bitcoin, with the ETH/BTC ratio potentially falling another 15% to 22%, which could present a future rotation opportunity. Avoid new investments in altcoins as they are considered high-risk and likely to see more downside until the broader economy shows signs of expansion. Monitor the USDT Dominance chart, as a rising trend indicates increasing fear and a signal to remain cautious.