What's the news with the annual candle?

Dec 31, 2024

The year 2024 is over, and I thought I'd provide an overview of the events that took place. I realized that the best and most comprehensive summary was provided by Bitcoin itself. If you look at Bitcoin's annual chart, you'll see that we've had the best and greenest year in the past five years, indicating that Bitcoin adoption has significantly increased. It’s likely that the miraculous halving of 2016 will be repeated for two reasons: 1. The amount of Bitcoin held on exchanges has decreased to the point where it's lower than the level of 2016. 2. In 2016, Bitcoin was in the process of global adoption, and in 2025, it will enter the second phase of global adoption, which can clearly be seen in a famous chart called the "S curve." Additionally, at the bottom of the image, you can see the dominance of Tether, which clearly shows what has happened to it and will continue to happen. This indicates that investors are confident in the bullish market and have moved their capital out of stablecoins.
By the way, isn't it beautiful that the annual candle will close in a few hours? You will be able to see such an image a year from now.