In this episode, we sit down with Rational Root to explore whether bitcoin is on the verge of entering a parabolic growth phase. We discuss key indicators, including on-chain data, market cycles, and global liquidity trends, to assess the current state of bitcoin and its potential for rapid price acceleration. Root breaks down the importance of short-term holder behavior, ETF flows, and the psychology of the market. We also consider external factors, such as macroeconomic conditions and regulatory developments, that could fuel or hinder bitcoin's next major move. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show with your friends and family → Send us an email [email protected] TIMESTAMPS: 01:40 Where are we in the 4 year cycle? 04:55 Bitcoin goes sideways or down a majority of the time 08:14 Cycles from the bottom 13:03 On-chain value map 21:21 Do ETFs change on-chain analytics? 24:00 Psychology of a bitcoin market cycle 26:23 Global liquidity catalyst 30:14 Short-term holder supply 34:38 Bitcoin ETF flows 43:30 Bitcoin ETF cost basis 45:55 Bitwise proof of reserves 49:40 HODL Model update 1:01:40 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained LinkedIn: https://www.linkedin.com/company/unchainedcom  → Unchained Newsletter: https://unchained.com/newsletter  → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Rational Root’s Twitter: https://x.com/therationalroot