Bitcoin has been running hot, and the fun is truly about to start. Bears got overexcited when $500 million in Open Interest was wiped as Bitcoin fell back to $70,000, but they are missing the forest for the trees.
Markets have witnessed two weeks of consecutive inflows into Bitcoin ETFs, and on October 30th, BlackRock alone saw inflows of $875 million. Bitcoin decisively bottomed in September and has been trending since.
With new BTC highs expected very soon, Bitcoin Dogs’ Telegram game has gone viral as investors pile into higher beta plays. Reflexivity is a beautiful thing, and with retail money still on the sidelines, the upside looks terrific for BTC and 0DOG in the next twelve months.
Bitcoin to make new ATH soon
Bitcoin has been in a strong uptrend since September, shaking off the months-long sideways action since it made a new ATH earlier this year in March. All metrics point to a new ATH very soon, and the superstar factor has been inflows into ETF products, with TradFi capital guzzling up the BTC supply.
The price action from ETFs will only magnify as time progresses. Most traders still have not worked out the supply dynamics. ETFs have been absorbing more and more of the supply. The supply from miners is being absorbed, and the total balance held on centralized exchanges is dropping.
It is only a matter of time before a price squeeze, and a Trump victory could easily send BTC hurtling above $100,000 next month.
Bitcoin Dogs’ Telegram game takes over the web
Bitcoin Dogs has become the leading BTC beta trade this cycle, and the launch of the Telegram game has gone viral. Telegram games have been all the rage this cycle, and Hamster Kombat attracted 300 million users at its peak. Analysts are betting that the Bitcoin Dogs game will be the next big hitter.
The team released its new roadmap, and 0DOG has already pumped 50% off its lows. With an Ordinals NFT collection set to drop soon and a new direction, everything is on the table for 0DOG at this stage in the cycle. Its biggest long-term background driver has been the soft-peg to BTC price as the first-ever ICO on the network. And with FOMO biting, investors expect plenty of capital to start chasing higher beta BTC plays soon.
Why Bitcoin meme coins are undervalued
Markets are drastically underpricing the reflexivity and capital chasing that occurs in the late stage of the cycle—the final year of the four-year cycle. In 2025, Bitcoin will make its most drastic move to the upside, and when it breaks into price discovery, this will be the starting pistol for on-chain madness.
Bitcoin meme coins did not exist last cycle and will enjoy their first speculative frenzy. Bitcoin Dogs is at the front of the queue, and with its Telegram game potentially funneling into millions of new buyers, it is hard to find a better potential trade over the next twelve months.
The bull market is about to begin in earnest, and 0DOG flashes every signal it wants to fly. Join the journey today and become an 0DOG holder before the fireworks start.
Visit the official Bitcoin Dogs website to learn more.
