---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40093271.md"
description: "Recently, I've looked at a lot of on-chain data and institutional research reports. Regarding Bitcoin and Ethereum, I tend to believe that 60k/1.7k is the bottom. However, the current recovery is a rebound, not a reversal. From the LTH and STH data, it can be seen that the upward momentum comes from a reduction in supply (fewer people selling at a loss) rather than an increase in demand (more new entrants buying in).With the upgrade of MSTR's financing toolkit, the bottom is formed by buying. The next phase might be a sideways consolidation process, waiting for macro liquidity or policy tailwinds before a further breakthrough can occur. My strategy remains dollar-cost averaging (DCA).$Strategy(MSTR.US)$BitMine Immersion Tech(BMNR.US)"
datetime: "2026-04-22T09:41:10.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40093271.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40093271.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40093271.md)
author: "[lyhalfway](https://longbridge.com/en/profiles/3372973.md)"
---

# Recently, I've looked at a lot of on-chain data an…


### Related Stocks

- [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md)
- [STRC.US](https://longbridge.com/en/quote/STRC.US.md)
- [STRD.US](https://longbridge.com/en/quote/STRD.US.md)
- [STRF.US](https://longbridge.com/en/quote/STRF.US.md)
- [STRK.US](https://longbridge.com/en/quote/STRK.US.md)
- [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md)
- [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md)

## Comments (8)

- **暴躁老程゛ · 2026-04-22T14:34:20.000Z**: No solution…
  - **路壹飞** (2026-04-22T14:56:37.000Z): Both the upward and downward directions were mentioned, it's a total win.
- **暴躁老程゛ · 2026-04-22T14:30:19.000Z**: There's a "Mr. Anonymous" on Twitter who's bearish on BTC one moment and bullish the next... This guy's analysis changes every day, including Trump's son going short one moment and long the next... It's got me so unsure about MSTX now, Uncle Yaren... What do you think about this move??
  - **lyhalfway** (2026-04-22T14:53:59.000Z): Don't need to look at these
- **阿道夫的交易员 · 2026-04-22T09:50:59.000Z**: The sideways trading range should also be quite wide; it won't easily stabilize above 80,000.
  - **lyhalfway** (2026-04-22T09:56:12.000Z): Forget about stabilizing, it would be good enough just to touch it.
- **AngerBird · 2026-04-22T09:46:07.000Z · 👍 7**: I actually look at the supply-demand logic... the logic of the big coin is better than Eth...In the short term, it depends on policies, which are variables and may fluctuate repeatedly. Is it clarity or the current pace, hehe.
  - **lyhalfway** (2026-04-22T09:47:37.000Z): Hmm, in a downtrend, the logic of holding large coins is better.