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Bitcoin drops to the lowest Power Law valuation range since the FTX collapse

CoinNetwork
CryptoWorld News: Bitcoin briefly dipped below $66,000 on Wednesday and is currently trading at $66,924.57, approaching the bottom of the Power Law corridor. This model, promoted by physicist Giovanni Santostasi and refined by Porkopolis Economics, shows that Bitcoin's price over time exhibits a natural decelerating growth trend on a logarithmic scale. According to Checkonchain data, the Power Law oscillator indicates that Bitcoin has spent approximately 95.6% of its trading history above the current level. Historically, price declines to this level have often been accompanied by extreme market stress, including the March 2020 pandemic-induced sell-off and the November 2022 FTX collapse. While the Power Law does not guarantee that the bottom will hold again, long-term investors believe that the current price is close to the lowest discount in history.
BTC-4.76%
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PublicBlockchainUnderTheAurora
· 16h ago
Close to the bottom ≠ bottom, those who understand know
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YieldKaraoke
· 16h ago
The number 66k looks familiar; it was here last year as well.
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0xSecondThought
· 16h ago
Can Giovanni's model withstand it this time?
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GateUser-f49a50d4
· 17h ago
Back when FTX happened, I cut my losses; this time I'm holding tight.
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GateUser-6857a9c9
· 17h ago
The name Porkopolis sounds like a meme coin team.
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PerpNightshift
· 17h ago
Logarithmic growth over time just sounds very long-term oriented
View OriginalReply0
雾里看TVL
· 17h ago
Power Law bottom, the old hands' DNA has moved
View OriginalReply0

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