The Onchain Cost Basis in the Bicoin Market

The low forties feel like a nice value zone, but the 53 k feels like that area where we would reclaim momentum. People coming into bitcoin are either buying because, you know, thi is really strong momentum, or because they think it's extremely discounted. For those type of buyers, i think this is a good level that you can look at ackind of a get a proxy for once that momentum has been reclaimed. In my mind, if we can reclaim the shortem holder cosway system, we've kind of reclaimed momentum.

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