A model that estimates how much Bitcoin's market cap moves per dollar invested
The higher the market cap of Bitcoin goes per dollar invested, the more likely it is that profit taking will happen and a sign of supply running out
Once supply has run out, the market has effectively completed a full accumulation to distribution profit taking cycle, aka the top
Parabolic moves see strong overvaluation of the explicit fully dilluted market cap vs the realised market cap
Realised market cap in this indicator is not its strict interpretation, but a twisted Gann based interpretation given lack of more detailed on-chain data
Cycles are governed by mathematical supply ownership boundaries between strong and weak hands
The sheer beauty of this indicator shows how organic and effective Bitcoin oscillates supply ownership (full speed adoption with mathematical supply boundaries), whilst following the Golden Ratio with precision