iamcharles.ftm | 👻🥷🌹 ττ x x |

We’re in the late stage of the #Bitcoin bull market, but I believe there’s still room for growth. I’d say we’re in the early distribution phase, as new retail investors are entering. Trump’s global promotional impact could extend this bull run for another couple of quarters. ---------- Typical BTC distribution: Whales → Retail Investors This cycle: Retail Investors (OG) + Whales (OG) → Retail Investors (Paper Bitcoins) + Whales (Institutions) ---------- OGs leave footprints through on-chain activity and crypto exchanges, while paper Bitcoin (ETFs, corporate stocks) leaves custody wallet on-chain footprints at settlement. ---------- Final phase of distribution: Retail Investors (OG) + Whales (OG) + Whales (Institutions) → Retail Investors (Paper Bitcoins) ---------- I expect this won't happen until at least mid-year. It might even extend into next year.

#load that’s it. $S $INJ $PYR $TLOS $AZERO $EQUAL