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One thing I can't stop thinking about.
In the last cycle, Bitcoin bottomed about 20% below the previous cycle all-time high.
2017 ATH: ~$20k
2022 bottom: ~$16k
This cycle, Bitcoin is trading around 15% below the 2021 all-time high.
This is another moment that people will look back on in a few years and wish they had taken more seriously.
No one knows where the exact bottom is.
But if history repeats, we might be much closer to the bottom than most people think.