$BTC sits 50% below its $126K ATH The structure underneath doesn't match the sentiment. BlackRock's IBIT absorbed $290M in fresh buy orders as spot ETF flows turned positive. Realized price is holding as a structural floor which mechanically limits downside compared to 2018 and 2022. The 50 week and 100 week MAs are converging a signal that has appeared three times in the last decade, each time marking the cycle low. The crowd waits for $90K to feel safe. The risk reward is now. We can go lower in the short term, but I have accumulated under 60k and just above it.
Zach HumphriesShare
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