$BTC Last bull cycle, 80% of peak metrics were never hit. I believe we could see something similar with the bottom metrics aswell.



The Long term holder supply sitting in a loss has already surpassed the FTX levels and is close to the 2018 levels.

Realized price sits around 50K, we’ve tested the LTH realized price every cycle, so a revisit is in the realm of possibilities. But, I wouldn’t marry that, many top cycle metrics never triggered last cycle, and the same could happen with bottom metrics in the future.

Either way, the market is already sitting at loss levels comparable to FTX/2018.

That should tell you alot.
BTC1.19%
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GateUser-02ea946b
· 13h ago
Honestly, I think the most worth watching is that market sentiment has already frozen to the extent of 2018. Even if it dips further to 50K again, it’s not strange—anyway, I’ve kept some ammunition ready.
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RiskReader
· 13h ago
This cycle is really different from the past. Many historical indicators have failed, and even if you just watch the previous low to try to buy the dip, you may still end up feeling the pinch.
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