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Rational Root

Rational Root

Pseudonymous Bitcoin on-chain and cycle analyst known as "Rational Root" (Root), lead analyst and creator of the Bitcoin Strategy platform and newsletter.

Oct 8, 2026

NathanHOST
22:07
Would you want to see that level retested for kind of confirmation that it's over or no, not necessary?
22:13
Yeah, I think, I mean, the speed which we're moving up is quite fast.
22:19
And so I think it would be normal to see some consolidation.
22:23
And I have another chart on that in a bit as well.
22:26
But yeah, I think it would be very normal if we would retest that cost basis one more time before or even two more times before we push through.
22:36
Although momentum has been strong.
22:38
And as you see, like we saw earlier in the momentum chart, momentum hasn't really slowed down much.

23 MINS LATER

NathanHOST
46:09
Like I can make the case that AI is... outrageously over leveraged in a bubble and it's going to drag everything down I can make a case that it is going to have major productivity gains and so it's going to be a boom moving forward I can take a look at the interest rates and I can go okay interest rates are going higher because it's perceived risk in the market or they're going higher because it's perceived growth like I can actually I think I can stand on either side and have no idea which way it's going to go
23:29
Maybe we can start with that.
23:33
Yeah.
23:33
So I put the chart of fees in, in here as well because, uh, you know, it's still kinda relevant to, to ColdCard, um, where we see an increase of, of, uh, we have this spike, uh, of, of fees.
23:44
Um, and that is b- obviously because, you know, people were transferring funds, and they put a high fee to, to get priority and to be in there.
23:51
But, but again, here we can also see that the fee spike wasn't also, like, substantial, uh, uh, you know, definitely not comparable to what we saw around the, the fourth halving or so.
24:02
Uh, but that obviously had a whole o-other reason.
24:04
That was because of inscriptions and runes that, that, that, that, that, that was introduced there.
speaker_2UNKNOWN
28:41
All right.

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