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The Crowd Is Wrong About the Bitcoin Bottom
Is the Bitcoin bottom finally near? In this on-chain analysis, I break down why the most popular bear market call in crypto, “bear markets last a year”, is a pattern with no mechanism behind it, and yet my completely independent on-chain signals are now converging on the exact same window.
We cover the historical bear market drawdowns and diminishing volatility, the rapidly converging long-term and short-term holder cost bases (currently ~14 weeks from inverting), and my brand-new Cointime Conviction metric, now sitting in its 92nd percentile as the network goes still. Together they point to one conclusion: Bitcoin is moving deep into accumulation territory.
If you want to understand where the Bitcoin cycle bottom really sits, using real on-chain data instead of the calendar, this one is for you.
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#Bitcoin #OnChainAnalysis #BitcoinBottom #CointimeEconomics #BitcoinAnalysis
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