The best 3 onchain indicators that will signal the BTC blowoff top (so you don't miss it)

Hey,

ever noticed how BTC at $63k can feel totally different from one week to the next?

Now you might wonder why.

Sure, market sentiment is a big factor, but there’s more to it.

Think about this: When BTC was at $16k in 2017, everyone was euphoric.

Fast-forward to 2022, and BTC hits $16k again, and suddenly, everyone's in despair.

Even though the price was the same, the onchain metrics painted a vastly different picture.

In 2017 they were overheated and in 2022 they were oversold.

The biggest mistake most investors make is that they never look at onchain metrics.

That’s why I will share my top 3 on-chain metrics with you so that you can identify the best time to sell near the peak.

The three metrics can help you time the market without needing to look at the price of BTC are:

• MVRV
• NUPL
• Puell Multiple

Let’s start with MVRV

1️⃣ MVRV (Market value realized value)

This metric measures whether Bitcoin is overvalued compared to its historical average.

If MVRV exceeds 2, it indicates that the current price is much higher than what most holders paid, suggesting that we are moving towards the peak.

However, keep in mind the MVRV has exceeded 4.0 in 2021 which shows it can go much higher than expected.

You can look at the current BTC MVRV value [here](#).

2️⃣ NUPL (Net unrealized profits and loss)

NUPL identifies the overall market sentiment by showing the proportion of Bitcoin holdings in profit or loss.

A NUPL value in the "greed" zone (above 0.7) is very strongly correlated with market tops.

The higher it goes the stronger the sell signal.

You can look at the current NUPL value [here](#).

3️⃣ Puell Multiple

This onchain metric compares the daily earnings of Bitcoin miners against the average over the past year.

View the Puell Multiple chart [here](#).

Here’s how to use the Puell Multiple:

Puell Multiple > 2.5 = You should sell up to 25%+ of your BTC/alts on upward moves. This will give you a lot of capital to buy back during capitulation events.

Puell Multiple > 5 = You should be selling 75%+ of your BTC portfolio. Furthermore, you must set sell orders for your altcoins, as they often pump after BTC pumps.

If you want a more in-depth read with charts and links then read this version here.

Look at this the way I do!

I said this a month and half ago that if we that vested got one person to invest a less than 200$ we would have hit the hard cap. This supposed to be a community driven event that we bought into. Again I’ll say mindset. If I was having this baby, I wouldn’t leave it lying there in afterbirth, I’d would do everything possible to ensure that would make it in the deep waters, that from pen to paper I dotted all the I’s and crossed all the T’s and it safe and secure firmly placed and set up for the success I created it for, ( Thank you for doing that for us),… I know everyone knows everything about how to put in place all the protocols necessary to secure a token on the Ethereum Blockchain, and we all know the proper way to bring it to market introduce a true rival to bitcoin, but we just didn’t do it. In fact no one has til now. Scams do happen, BUT people that have the knowledge to do so, scam MILLIONS of dollars from people eventually most go to prison. If the team that created MOLLARS had the knowledge to accomplish what they have accomplished, It’s not all about getting their pockets fat, just think about it. Just like a credible business that is successful has to a business plan, websites and processes, so does a creator of a digital currency with the White Paper. Road map. Tokenomics . I firmly believe they could have created a shit coin took it live and gotten a million dollars a lot quicker. No bull shit legally. Think about it. If they could create what they have, they could have a lot easier and a lot less time and effort created Elonsbabiesmomma Inu. Tokenomics trillion coins burn one for each sold, (sounds pretty good right)spend a couple thousand to bots on media platforms to boost it and then when blows up, white paper shows that they get 10% or whatever they would make millions not two million, 30-100 million are what ever. But they created a Mollars a SVT with half the supply of Bitcoin why if you had the knowledge and know how to create what they have would you risk going to prison over a million or two million ??? And I can pretty much guess that it’s not just one person doing everything it’s a team plural so they chop it up and walk away with 400k$ if that’s the case give everyone there money back and contact me with your knowledge and my ideas, you could make millions at no risk of prison. I hope that makes sense to everyone. Scams in digital currency makes 100’s of millions of dollars a year. And most have been caught and imprisoned and the others live in fear. Now that that’s out of the way. Here’s my thoughts backed by facts and little about me. I found out about Mollars on CoinGecko and CryptoRank which reports most scams and give information about presales. After doing my due diligence I decided to buy in without going to Social media sites because I saw evidence of the potential for this project but I have never bought in a presale before because of so much crap that is out there.And I didn’t want to be swayed by the consensus of someone who is trolling or had a bad day. Historically after Bitcoin halving, which this time the data is different especially after ETF approval and BTC reaching its ATH pre halving. But after. ever crypto follows BTC Trajectory very volatile the first couple weeks I paid with Eth as some of you others. The volatility is real for a lot of reasons market conditions, investor sentiment. According to Ycharts the US investors were 32.14%bullish two weeks ago the action was sideways and /or down compared to 4 weeks ago last week was 38.49% and now that investors know what the Feds are doing with rates the market will continue as it historically does on its upward trend, and based off information that by the 31st of this month both major players will be a lot higher in price compared to the 30th of April, for Mollars investors we will have a higher evaluation and time for the management to see if any other exchanges want to play ball will be some point before the end of the month, it didn’t help that the feds aren’t lowering the rates. @mollarinvestingchad you have been a champion for this project and I don’t know what you have in this, but you are part of this community and for you to make a comment from the emotional state you were in at that was difficult to read. Let’s not forget the terms and conditions of our investment. I don’t know exactly where I saw it, but the management did apologize, but did it for the people. I have been a winner since investing and I have lost . But I stand bullish and if have an negative emotions they are kept to myself for the greater good of the community, when you have a negative feeling or attitude it’s contagious and it gives a voice to those who have been hating on this project from day one. This isn’t a rug pull Im completely confident in that, every one of us that has skin in the game needs to come together as the Mollars family and prosper and grow stronger. In every business I had expectations and goals that I was going to achieve, and some I have failed one way by not the profits I set, for unforeseen reasons because of licensing issues taking 7 months longer to get them, Covid screwed up and set back my biggest one. One of the number one selling t-shirt and koozies in the 80’s had a saying written on them that said “ Shit Happens “ the words you can put in front of that can have behind it can sway to mean it’s positive or negative. But it will always suggest a reason. And to have reason, you have action and in this case the action is for a good reason. It’s to help us grow more??! Limitless. Let’s all rally together and support our team leaders and their decisions. After I invested I went through some tough times . Where 20$ was the difference of me feeding my dog first and then myself, luckily I have been good to people and have built relationships where when I’m going through something I had basically what I consider family to help out. And everyone that knows me I always pay it forward 10 fold. You can say I’m a good guy with good moral compass, I’m a protector and I’m not one where people can confuse my kindness as weakness because I’m a warrior and have put myself in harm’s way to protect or defend someone I care for, in fact I’ve done for complete strangers. Against odds. I never cared about what people thought, I only cared for what’s right. Jumping someone because of race are religion is not right, man hitting a woman, and in my presence since I can remember those people got to know me real personal like. I am a different breed because I have witnessed events where several people could maybe prevented or stopped before I could get to them. Most of the times it wasn’t popular, but no one could say it wasn’t right. In business I have lost in the short term because of principles of different matters . I would be and I am better at face to face engagement of any kind at any time. I don’t use code names or user names that I don’t go by, And when I commit to something I’m committed.. And I believe that this is an opportunity of a lifetime for those of you that have or willing to invest and become part of this new community there’s something that has to change and it’s us it depends on us to build value and let people know that we’re part of something that is going shake up Bitcoin . I know it’s a lot easier to be negative when everyone is still trying to speculate . But I promise you, not only in this community but in every community the long term effects, the residual value and benefits of being positive and committing to apply this in everything in life , you’ll see doors open you never thought possible, you will be recognized by your peers differently, that see you as being more creative , a real one and you will become the a leader built with value, knowledge and a type of strength you have always wondered about, like how things seem so easy for some people and that tough for others. We live in a fast growing world and the Elites will somehow find a way to take away our rights to get in projects like this. I hope it doesn’t happen but we are in the fight of our lives to keep Crypto defi and unregulated but right now they haven’t and I believe this our chance and I hope it is the vision of the creators of Mollars and everyone of us see the greatness that can come for building the community for Mollars because it’s going to make Millionaires and when we become that I hope that we will want to have a clear mission to be better. Less be honest right now not one of us are whales yet. Whales move what our hard cap is daily .And the value of a 1$ dollar is something different for every person on this Earth but will not change anyone’s life for a time. But picture this, your maintain a positive mindset about your investment and you remain bullish. If see the event of turning 1$ in 2$ isn’t the attitude that we as a community should, but turning 1 Mollar into a house, or college tuition, or drinking water for a third world country. No limit mindset is truly decentralized and it’s a choice that will require discipline and accountability for how you respond and approach every decision you make. What would you do without limits. This possible and the blueprint on how to achieve is written in this comment that I hope transcends as one of the many stones to house our community needs in pursuit of the same goal, not only to profit but be better than we are now and invite someone else along with us on this limitless journey in our lives, to be better than we were the day before. To become the best version of ourselves and it is shown everywhere anywhere anytime. That we bought into one of the greatest digital assets ever created and we not only make a difference in our own lives but we are truly free to make a difference in this world. Everyone that bought in, now let’s collectively buy in this mindset that is 100 - Mollar will become as big as we imagine it to be. Let’s grow as a community and write our own future together. Don’t just read this, engage with me with your positive mindset. Share what you would like to achieve. We need to act as if, Mollars has surpassed any expectations. If we all come together with a positive message, not about the set backs we personally feel, but what you want it to be. We got hacked in the middle of presale that took time to straighten things out, but the team pulled us through. We could have lost it, but they stood up for us and now let’s stand with them. Let’s make today the best day. Everyone engage with volumes of positive expectations and we are just in overtime and we will win. Let’s everyone blow up our own social media accounts proudly explain why you are in. Let’s Go !!!!

Long term investment in bitcoin: DCA via Wealthsimple and store on cold wallet > any tax event in the process?

Hello all,

I am considering buying Bitcoin to store for the long run (with a decades horizon). I have a premium account on Wealthsimple, which brings the cryptocurrency purchasing fees down to 1%. My goal is to buy bitcoin on Wealthsimple (non registered account), to do a light DCA (a few hundreds/thousands at most every 3-6 months), to transfer to a cold wallet along the way... and to forget about it.

If I'm correct, there shouldn't be any tax event in this process since I would only be transferring. Therefore, the only taxable moment would be in XX years when/if I actually sell my bitcoins, and my T5 would not be impacted in any way by this operation until then.

Is that correct? Is there anything I'm not seeing? On a side note, does this plan seem optimal/good enough to you or is there a better way to proceed for a Canadian resident?

Thanks and have a good day!

Thinking of moving to BTC and ETH ETFs

Since I don’t want to handle all the hassle of having to setup a crypto wallet and maintaining keys I was thinking about selling all my current crypto and instead move everything into BTC/ETH etfs and most likely I will be buying IBIT.

I still have a question, I am investing through IBKR what would happen in case either IBKR, BlackRock or BlackRock’s custodian (which is Coinbase) fail (I know the event of a failure of BlackRock and IBKR are minimal and would be catastrophic for the world)?

Are my crypto assets all safe when investing via ETFs? For what I know when investing in ETFs incase either BlackRock or IBKR go bust it’s not really a problem because the shares of the ETF as well the underlying shares are in my name and therefore even if they go bust I will get my shares back.

Side question: is there a valid ETH etf?