"Bitcoin has entered the post-halving scarcity phase where the reduction in block rewards begins to exert massive upward pressure on price. We are in a high-conviction expansion period with the supply-shock imminent."
We are currently in the immediate post-halving epoch, having recently transitioned through the fourth halving event in April 2024. Bitcoin's Stock-to-Flow (S2F) ratio has doubled, effectively making it the scarcest liquid asset on Earth, surpassing gold's scarcity profile. Historically, the 12-18 months following a halving represent the most explosive phase of the 4-year cycle. We are currently exiting the 'Re-accumulation' phase and entering the 'Expansion' phase. Realized Cap HODL Waves indicate that long-term conviction remains at cyclical highs, with a significant percentage of supply untouched for over a year, creating a massive supply-side liquidity crunch. The Power Law Growth corridor suggests that despite any short-term noise, the price floor continues to drift upward at a predictable logarithmic pace. We are ignoring the daily fluctuations and focusing on the objective reality: the daily issuance has been cut in half, while global demand for an unconfiscatable 21-million-cap store of value is accelerating. The divergence between the theoretical S2F value and the current market price represents a massive coil being wound.