If you think the $BTC bottom has already happened…
you would be going against almost everything on this chart.These are some of the most powerful Valuation Models we have:
• Long-Term Holder Realized Price
• Structural Market Lower Band
• True Market Mean Price
• Balanced Price
• Delta Price
• Active Realized Price
• CVDD and several other on-chain cost bases
Right now, price is still trading above most of these key levels, but the structure shows we are far from the extreme undervaluation zones that historically marked major cycle bottoms.On-chain cost basis + structural support + long-term holder levels
→ these are the metrics that actually matter when the noise gets loud.What do you see when you look at this chart?
you would be going against almost everything on this chart.These are some of the most powerful Valuation Models we have:
• Long-Term Holder Realized Price
• Structural Market Lower Band
• True Market Mean Price
• Balanced Price
• Delta Price
• Active Realized Price
• CVDD and several other on-chain cost bases
Right now, price is still trading above most of these key levels, but the structure shows we are far from the extreme undervaluation zones that historically marked major cycle bottoms.On-chain cost basis + structural support + long-term holder levels
→ these are the metrics that actually matter when the noise gets loud.What do you see when you look at this chart?