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Letter no. 15: Volatile but steady

Letter no. 14: Accumulation Continues

Letter no. 13: COVID Dip

Letter no. 12: Sideways & stable

Letter no. 11: No straight line uptrend

Letter no. 10: New Highs

Letter no. 9: Slowly But Surely

Letter no. 8: The Final Stretch

Letter no. 7: Price Discovery Mode

Letter no. 6: Heading toward new highs

Realized Price-to-Liveliness Ratio

Letter no. 5: Breaking Ceilings

Letter no. 4: Crab-Walking

Letter no. 3: Up & Down Like A Yo-Yo

Situation Assessment

Above 50k

Bitcoin On-chain Analysis

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