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.@JustDeauIt is now putting an 85% probability on bitcoin:native being in an early bull market. Ryan breaks down the signals behind his thesis: “The golden cross was confirmed.” “37% of all supply now sits” in the $56K–$92K range. “A lot of the leverage got flushed out during this bear cycle.” And after reclaiming the 50-week moving average: “That would be, according to all previous times we’ve seen it, the end of the bear market.”

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