4 charts to show why the bitcoin bottom isn't in based on previous cycles.


LTH Realized Price at $49.3k = BTC has always gone below it.
LTH and STH MVRV have yet to converge with one another.
Realized Price - Average cost basis at $53k
LTH SOPR - LTHs realizing losses, but not at previous capitulation levels.
BTC1.80%
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