
← Less Noise, More Signal24. Sept. · 16 Min.
Bitcoin Just Flashed a Sell Signal. Why I’m Still Bullish.
<p>MEMBERSHIPS</p><p>Become a premium member on YouTube and Spotify for early access and bonus content. Join now!</p><p><br></p><p>DISCUSSION </p><p>💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk</p><p><br></p><p>EPISODE</p><p>Bitcoin is back in bullish territory. But there’s a problem: liquidity is turning down, the market is pricing more Fed hikes, and macro should theoretically be working against Bitcoin.</p><p><br></p><p>So why is BTC still moving higher?</p><p><br></p><p>In this update, I break down the key technical and on-chain signals suggesting Bitcoin’s bear market may be ending, the crucial $78K–$80K area to watch, continued ETF demand, and the surprising red signal coming from our liquidity model.</p><p><br></p><p>We also look at the bigger macro question: are markets pricing too many rate hikes? If oil and inflation expectations reverse, those hikes could quickly get priced back out — potentially turning today’s macro headwind into Bitcoin’s next major tailwind.</p><p><br></p><p>Could Bitcoin already be front-running the next liquidity shift?</p><p><br></p><p>SUPPORT</p><p>⚡️LNMS on Lightning: lnms@ln.mtpelerin.com</p><p>₿ BTC-Address: bc1qmk7gfdnrdegnmnrtnacj6rslan0y6v29kdlf9p</p><p>💵https://buy.stripe.com/9B600k5Tscv33U...</p><p>Twint: https://go.twint.ch/1/e/tw?tw=acq.Z7L....</p><p><br></p><p>LINKS </p><p>📰 LNMS Newsletter: https://lessnoisemoresignal.substack....</p><p>🎧 LNMS on Apple: https://tinyurl.com/4apksnyn</p><p>🎧 LNMS on Spotify: https://tinyurl.com/ttha8kku</p><p>🎧 LNMS on Rumble: https://tinyurl.com/4k96c7tw</p><p>🎧 LNMS on Fountain: https://tinyurl.com/5dsbbj5p</p><p>🌐 LNMS Website: https://www.lessnoise-moresignal.com/</p><p>📖 Bitcoin Book: https://www.amazon.de/dp/1967693013</p><p>🎧 LNMS on YouTube: https://tinyurl.com/4jfhr4zn</p><p><br></p><p>SOCIALS</p><p>Follow on X👉 https://x.com/pahueg</p><p>Follow on Nostr 👉 https://primal.net/pascal</p><p>Follow on LinkedIn 👉 / pascal-huegli</p><p><br></p><p>Chapters:</p><p>00:00 Introduction and Market Overview</p><p>02:08 Market Value to Realized Value and Bear Market Signals</p><p>04:20 Price Recalibration and Key Support Zones</p><p>06:34 Macro Headwinds and Liquidity Cycle Indicators</p><p>09:32 Historical Context of Rate Hikes and Bitcoin</p><p>11:16 Oil Prices, Geopolitics, and Market Impact</p><p>12:38 Geopolitical Risks and Market Strategies</p><p>13:55 Inflation Expectations and Yield Curve Dynamics</p><p>14:21 Interest Rate Expectations and Ma