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Bitcoin's CVDD just crossed $49k.
Historically, this line has been the floor bulls defend and bears dream about. Every major cycle bottom 2015, late 2018/19, 2022 carved out right around a CVDD touch. Look at the chart: price and CVDD have converged four times in 12 years, and each time it marked capitulation, not continuation.
We're not there yet. Price is still floating well above the line. But the gap is closing, and history says it won't stay open forever.
I don't know what the catalyst will be macro shock, leverage flush, liquidity crunch but CVDD doesn't lie about where smart money eventually gets tested.
$49k isn't a prediction. It's a watchlist.
DYOR
#GateLaunchesUnitreePreMarketFutures