This is the Adjusted Realized Price Bands model, calibrated to Bitcoin's live circulating supply.


The lower bound of the model is now below $59K that is RP Alive. This is the zone where bottom formation can begin. But this is not a one or two week process. The base case is roughly six months.
And the core thesis remains the same: real demand is formed only over the long term. Not on emotion, not on local bounces, but when the market starts to see forward-looking value again. In other words, when genuine spot demand begins to return.
BTC-0.15%
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