According to @Andre_Dragosch, 89% of BTC performance variation since 2015 is explained by macro factors, leaving only 11% as coin-specific, highlighting macro regime dominance in Bitcoin returns for traders to consider. Source: @Andre_Dragosch on X, Jan 19, 2026. He adds that he would fade the long-term holder (LTH) supply distribution signal, implying traders should prioritize macro catalysts over this on-chain metric when positioning in BTC. Source: @Andre_Dragosch on X, Jan 19, 2026.

According to André Dragosch, Bitcoin BTC has remained above 100K even amid significant long-term holder LTH distributions, highlighting notable demand absorption, source: X post by André Dragosch on Nov 1, 2025. According to André Dragosch, seller exhaustion occurred on Oct 10 and implies the current consolidation will likely end much sooner than a 6 to 18 month timeline, source: X post by André Dragosch on Nov 1, 2025. According to André Dragosch, BTC’s resilience above 100K during LTH distribution speaks to near-term market strength and a potential early consolidation break, source: X post by André Dragosch on Nov 1, 2025.