30 Sept 2025, 14:40 UTC296 viewsread 7 August 2026 Photo
Bitcoin Intelligence Report - Onchain Analysis: Below The Mid-line
This week’s onchain analysis is out. Make sure to read this one as it indicates what is likely to happen after the recent pump from the lows.
Highlight: Bitcoin fell to $109.6k, breaching the short-term holder cost basis at $111.6k. The STH-MVRV ratio at 0.98 signals rising pressure on new investors. Long-side max pain sits near ...
Access full con…
Signed Snz
22 Sept 2025, 13:38 UTC268 viewsread 7 August 2026 Photo
BIR 30 Published: Post Rate Cut Uncertainty
Want to understand why Bitcoin just dipped? read the on-chain section. Want to understand where liquidity will go next? read the monetary mechanics section.
https://bitcoinintelligence.substack.com
http://account.21stcapital.com
Signed Snz
21 Sept 2025, 20:17 UTC241 views5 reactionsread 7 August 2026 Photo
We’re excited to announce the release of two new charts this week, which include the cost basis and MVRV metrics for short-term holders and long-term holders.
These are some of the most important metrics that we watch closely as they indicate how much profit or loss exists in the market and, therefore, how much motive exists for selling or buying.
The short-term holder MVRV charts also feature standard deviation ba…
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Signed Snz
16 Sept 2025, 00:56 UTC209 views3 reactionsread 7 August 2026 Photo
BI Report 29 Published: Restored Balance Ahead of the Rate Cut Decision
Inflation data highlights a sticky backdrop for policymakers: PPI remains stable at 2.6% YoY with a negative monthly print, signaling no upstream inflation pressure, while headline CPI accelerated 4.7% annualized and core CPI held at 3.1% YoY, underscoring persistent price stickiness in services and shelter. This suggests tariffs may only create…
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Signed Snz
25 Aug 2025, 16:32 UTC264 views2 reactionsread 7 August 2026 Photo
BI Report 26 Published: The Fed Just Caved, Got Any Bitcoin?
The Fed has signaled its first rate cut of 2025, shifting focus from inflation to labor market weakness after significant job revisions and slowing GDP growth. While Powell’s pivot confirms cracks in the economy, Bitcoin remains fragile around the $116k top-buyer cost basis, with leverage-driven rebounds masking weak spot demand. Futures positioning highl…
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Signed Snz
5 Aug 2025, 01:12 UTC250 viewsread 7 August 2026 Photo
Bitcoin Intelligence Report 23 is Published!
Air Gapped: How the Narrative Collapsed in Days
Markets just witnessed one of the sharpest narrative shifts of the cycle.
GDP headlines masked weak underlying growth, payrolls collapsed to the weakest levels since 2020, and consumer spending is slowing.
Truflation data points to cooling inflation, yet Powell refused to cut, leaving the Fed cornered.
Bitcoin dropped i…
Signed Snz
22 Jul 2025, 00:25 UTC232 views3 reactionsread 7 August 2026 Photo
Bitcoin Intelligence Report 21 is Published!
Bitcoin: The Clearest Beneficiary of the New Fiscal Era
This issue maps the unfolding macro and on-chain story behind Bitcoin’s breakout.
Global spending is about to surge, bonds are breaking, and liquidity is migrating to digital assets.
The GENIUS Act marks a regulatory turning point, institutions are devouring coins, and it will only accelerate with the potential un…
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Signed Snz
14 Jul 2025, 23:43 UTC266 views1 reactionsread 7 August 2026 Photo
Bitcoin Intelligence Report 20
Above the Clouds: Post-Rally Outlook
Bitcoin has broken out to new all-time highs, fueled by strong spot demand and institutional inflows. On-chain metrics show momentum is rising, but profit-taking remains moderate, suggesting room for further upside. Valuation models confirm Bitcoin is now in the acceleration zone, with targets as high as $200K. Short-term risk stems from the Treasur…
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Signed Snz
10 Jul 2025, 13:01 UTC237 viewsread 7 August 2026 https://x.com/21st_capital/status/1942926713614205090
Signed Mary Lu
30 Jun 2025, 21:56 UTC≈3,470 views1 reactionsread 7 August 2026 Photo
Bitcoin Intelligence Report 18 is out!
Just emailed to subscribers. And, I think this is our best work so far!
The fundamentals we were looking for are finally here!
We cover the arrival of full-stack stimulus:
- Trump’s push for 1% rates,
- Treasury’s stealth QE through curtailed long-term issuance,
- Aggressive fiscal expansion via the Big Beautiful Bill.
- A stablecoin bill adds structural Treasury demand.
- O…
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Signed Snz
21 Jun 2025, 19:49 UTC225 views1 reactionsread 7 August 2026 Photo
A piece of our track record. On May 19, we wrote: "For now, optimism reigns, but we anticipate a few weeks of weakness before the next leg."
A quick look at our track record should make the value of Bitcoin Intelligence apparent.
The only directional BTC research that also gets it right!
Bitcoin Intelligence Report, May 19: https://bi.21stcapital.com/blog/i-need-to-catch-my-breath
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Signed Snz
19 Jun 2025, 19:50 UTC200 viewsread 7 August 2026 New Video
https://youtu.be/mxbHUTC_aR0
Signed Snz
Showing the 12 most recent of 20 posts we hold for @TwentyFirstCapital. View and reaction counts are the latest single reading for each post, not a live figure, and a recent post is still accumulating both. A view count marked ≈ was rounded by Telegram before we ever saw it — t.me prints views in full below 1,000 and to three significant figures above, so ≈1,200,000 means somewhere between 1,150,000 and 1,249,999. Unmarked counts are exact. Text is reproduced from the public post preview and truncated for length.