I'm honored to be nominated. Please vote for me, fellow prisoners and friends, and see if I can make it into the top 100🤓

Congratulations to Artest for reaching the Scottish Premier League final! 9 rounds of penalties! Believe it or not!

【Four-Year Cycle Series (1)】 2016 #BTC reached its peak 525 days after halving 2020 #BTC reached its peak 546 days after halving 2024 #BTC reached $126k 534 days after halving

Powell: Balance sheet reduction may stop in the coming months Good news: The Fed actually stopped balance sheet reduction in a few months. Bad news: #BTC has fallen over 70% in the six months since it stopped. Of course, I'm talking about 2019 🤓

We are delighted to welcome @Tawuniya as a strategic sponsor of Ingate, the global insurance conference and exhibition. Through this partnership, we are stepping into the future and paving the way for innovation and growth in the insurance industry.

It's been four years. My positions have yielded significant results. I've also secured a position at a HK Web3 private equity fund. My investments, work, and life have all become stable over the long term. Thank you all for your companionship and support over the past four years. 🙏 Looking back on my four-year career in self-media, The highs and lows are all vividly remembered. What's most commendable isn't the percentage increase in my positions. It's the steady, long-term strategy I've used throughout the long term that has allowed me to survive to this day. Water doesn't compete for the lead; it competes for its constant flow. In the cryptocurrency world, long-term, stable survival is paramount. Where there's bread and butter, there's a future. Wish the #Bitcoin always be with you. 🫡

🚀BTC Milestone! Realized Cap Exceeds $1 Trillion!🚀 From October 31, 2008, when Satoshi Nakamoto published the Bitcoin White Paper, igniting the crypto revolution, to January 3, 2009, when the Genesis Block was created, ushering in the era of decentralization—Bitcoin has come a long way over 16 years. Today, Realized Cap (realized market capitalization) has soared to $1T for the first time! This isn't just a number; it's a testament to the "real capital" injected by global investors, marking BTC's transformation from an experimental product to a mature asset. Long-term holders are convinced, and institutional funds are pouring in! History Review: • 2010: First real transaction: two pizzas for 10,000 BTC • 2021: Market capitalization exceeds one trillion • 2025: Realized Cap exceeds one trillion! Bitcoin is more than just a currency; it's the future, it's ∞/21,000,000. HODL on! 💎🙌 #Bitcoin #BTC #CryptoMilestone #RealizedCap1T

At the peak price of $73.8k in March 2025, this indicator was 77.7%. At the peak price of $109k in January 2026, this indicator was 77.0%. The current value is 78.3%. The indicator in the figure is: Number of Bitcoin Long-Term Holders / (Number of Bitcoin Long-Term Holders + Number of Bitcoin Short-Term Holders), commonly referred to as the Long-Term Holder Ratio. This reflects the relative holdings of long-term (LTH) and short-term (STH) Bitcoin holders. By excluding ultra-long-term (>7 years) coins that may be lost, permanently held, or inactive, this ratio focuses more on the proportion of "relatively active" long-term holders relative to short-term holders. It is an important indicator for analyzing Bitcoin market sentiment, investor behavior, and market trends. Specifically, this ratio can reflect the following aspects: 1. Market Confidence and Stability: • A high percentage (high proportion of long-term holders): indicates that more Bitcoin is controlled by long-term holders. These holders generally have strong confidence in the market and are reluctant to sell. This situation often occurs during market accumulation or long-term bullish sentiment, which may result in lower market volatility. • A low percentage (high proportion of short-term holders): indicates that more Bitcoin is in the hands of short-term holders, who are more likely to engage in frequent trading or speculation. This often reflects increased market uncertainty and may be accompanied by price fluctuations or market corrections. 2. Market Cycle Phase: • During a bull market or a period of rapid growth, long-term holders may begin selling to lock in profits, causing the proportion of long-term holders to decrease and the proportion of short-term holders to increase. • During a bear market or bottoming accumulation phase, long-term holders tend to increase their holdings, while short-term holders decrease (possibly due to selling at a loss or switching to long-term holding), resulting in an increase in the proportion of long-term holders. Therefore, this ratio can help determine whether the market is at a bull market peak (or phase), a bear market bottom, or a transition phase. In summary, the proportion of long-term holders is an important indicator of #BTC market health and cycle stage. A high percentage generally reflects market stability and long-term bullish sentiment, while a low percentage may indicate speculation or overheating.

Considering the significant increase in non-on-chain capital inflows this time (such as Bitcoin ETFs), the current $718.78 billion in net capital inflows into the Bitcoin chain over the past year is indeed significant. It's important to note that this $718.78 billion represents actual purchases. • During the 2012-2013 bull market, net capital inflows into the Bitcoin chain increased from a low of $31 million to a high of $4.46 billion, a 144-fold increase. • During the 2015-2017 bull market, net capital inflows into the Bitcoin chain increased from a low of $1.52 billion to a high of $88.15 billion, a 58-fold increase. • During the 2019-2021 bull market, net capital inflows into the Bitcoin chain increased from a low of $37.38 billion to a high of $386.43 billion, a 10.3-fold increase. • During the 2023-present bull market, net capital inflows into the Bitcoin chain increased from a low of $1.52 billion to a high of $88.15 billion, a 58-fold increase. From $128.41 billion to $718.78 billion today, a 5.6-fold increase. The top metric in the chart represents the #BTC price, and the bottom metric represents the #BTC: Realized Cap by Age [<1y] BTC: Realized Cap is an on-chain Bitcoin metric used to measure the total value of the Bitcoin network. Unlike traditional market capitalization (current price × total supply), it estimates the total value of all Bitcoin by calculating the price at which each Bitcoin last moved on-chain. This metric reflects the actual cost paid by investors, eliminating the impact of untraded, long-held coins, and therefore better reflects the liquidity of capital in the market and the cost basis of holders. BTC: Realized Cap by Age [<1y] is a sub-metric of Realized Cap that specifically measures the realized market value of Bitcoin that last moved on-chain within the past year. In other words, it only considers the total value of Bitcoin that was traded within the last 12 months, based on the price at which it was last traded. BTC: Realized Cap by Age [<1y] can be viewed as the net capital inflow on the chain over a one-year period. Referring to the accompanying chart, during a bull market cycle, Realized Cap gradually rises from a low level at the beginning to a high level at the peak, primarily reflecting the gradual accumulation of market capital inflows and the evolution of investor behavior. Specifically: • Low Realized Cap in the early stages of a bull market: During this period, market prices begin to rise, but new capital inflows are relatively limited, primarily driven by the holding behavior of early holders (such as long-term investors) and a small number of new buyers. Realized Cap grows slowly because most Bitcoin is still priced at a low historical cost, and the actual injection of "new dollars" into the network is relatively small. This indicates a cautious or accumulation phase in the market, lacking widespread fear of excessive volatility (FOMO). Capital primarily comes from redistribution or small-scale purchases by existing holders. • High Realized Cap at the peak of a bull market: As prices approach or break new all-time highs, a large influx of new investors drives significant net capital inflows. Low-priced Bitcoin is moved in large quantities and repriced at higher prices, leading to a significant increase in Realized Cap. This reflects the market entering a frenzy phase, with veterans gradually taking profits and transferring their holdings to newcomers. This increases liquidity, while new capital inflows (such as institutional and retail buying) peak. This reflects the "redistribution of wealth" and peak demand at the top of a bull market. Overall, this shift from low to high highlights the core dynamics of a bull market: capital inflows shift from "small and efficient" to "large but costly." It is also a key indicator for identifying market phases and potential top signals.

[A Series of Strong Starts, Declines, and Exhaustion] The upper indicator in the chart represents the #BTC price and the average cost price of short-term BTC holders; the lower indicator represents the MVRV of short-term BTC holders. The MVRV (Market Value to Realized Value) ratio of short-term BTC holders is a MVRV metric specifically tailored to short-term holders. It is a commonly used on-chain metric in crypto market analysis, used to assess Bitcoin market sentiment and potential buying and selling pressure. Definition: MVRV = Market Value ÷ Realized Value Market Value: Current Bitcoin market capitalization, i.e., the total value of all Bitcoin held by short-term holders at the current market price. Realized Value: The actual cost of Bitcoin purchased by short-term holders, i.e., the sum of their purchase prices (based on on-chain data tracking the last traded price of each Bitcoin). Short-term holders: Typically refers to Bitcoin holders who have held for less than 155 days. This group tends to trade short-term and is susceptible to market fluctuations. • MVRV > 1: The market value of Bitcoin held by short-term holders is higher than their purchase price, indicating they are profitable and may be motivated to sell (especially when MVRV is too high, indicating an overheated market). • MVRV < 1: The market value of Bitcoin held by short-term holders is lower than their purchase price, indicating they are losing money and may be reluctant to sell (possibly signaling a market bottom). • MVRV ≈ 1: Market value and realized value are close, indicating short-term holders are at break-even. The market may be relatively stable or in a transitional phase. • High MVRV: Indicates that short-term holders are making substantial profits. This may indicate an overheated market and a potential correction, as they may sell to lock in profits. • Low MVRV: Indicates that short-term holders are generally losing money. This may indicate a market downturn or nearing a bottom, with weakening selling pressure and a potential buying opportunity. Fluctuations in the MVRV of short-term holders often reflect shifts in short-term speculative sentiment.