Johan Bergman

Johan Bergman, an on-chain markets analyst specializing in Bitcoin, joins the discussion to analyze Bitcoin's recent trend shift into bear territory. They explore critical metrics like the short term holder cost basis and the true market mean. Johan breaks down the October liquidation events, the significant buyer strength seen at $80k, and what indicators might confirm a reversal. He also shares insights on trading dynamics influenced by open interest, whale selling trends, and the evolving relevance of the four-year cycle as institutional interests grow.

Johan Bergman, a research associate specializing in Bitcoin price metrics, dives into the intricacies of Bitcoin's trading dynamics. He reveals how the short-term holder cost basis has influenced price action for three years, and highlights the significance of the $104,000 level. Johan discusses the role of RSI and Bollinger Bands in analyzing market trends, as well as the implications of realized volatility on price behavior. The conversation provides keen insights into support levels and the ongoing impact of institutional demand on the market.

Johan Bergman, a research associate specializing in on-chain and derivatives analysis, joins to dissect Bitcoin's recent price movements. They explore the significance of the bullish engulfing pattern, pinpoint critical support and resistance levels at $105K and $117K, and unpack the dynamics in the derivatives market, highlighting balanced funding rates. Johan reveals insights about the health of market conditions and explains how realized profits could impact price action. They also discuss how on-chain metrics echo broader market behavior, revealing the underlying forces driving Bitcoin's trajectory.