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$BTC This will become clear in the future...
During the previous bear market, deviations below the previous capitulation axis offered generational buying opportunities.
This cycle has now swept away those capitulation axes, which is why I have aggressively increased my spot positions. This does not necessarily mean that the bear market low has been reached, but it indicates that it is time to start buying rather than lowering your targets.
I am currently 75% allocated to spot and swing long from 59.4K.