$BTC | Bottom is near MVRV Z-Score shows when market value is far below realised value, highlighted by z-score entering the green box. Buying Bitcoin during these periods has historically produced outsized returns.
Serious money is lurking in the shadows.\nHigh level investors who never invested in $BTC, now inquiring about Bitcoin.\nThey\'re patient.\nThey want discount. \nThey want sub 50k.
$BTC | Average mining costs are $92k,while price trades at $67k.Miners are currently not profitable. I can imagine forced selling to finance mining costs.
Bounces during bearmarkets are created by a mixture of: - Liquidations- Capitulations- Degens going max long every lowNot actual spot demand. Wait, be patient.Look for a sideways market.
Bounced during bearmarkets are created by a mixture of: - Liquidations- Capitulations- Degens going max long every lowNot actual spot demand. Wait, be patient.Look for a sideways market.