If you look at Bitcoin in market cap terms rather than price, most of the major milestones, $500B, $750B, $1T, $1.2T, have been tested on major capitulation candles.


The February low was no different. Bitcoin found support right at the $1.2T market cap level.
Bitcoin has proven its at least a $1T asset, which was tested during the Yen carry trade.
BTC-0.42%
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