Yep — that's from *yesterday, Avalanche Summit NYC* interview, not $60k test.$ONE $AVA
Grayscale Head of Research *Zach Pandl* told The Block:
- *June 30 low ∼$58k still call for bottom* of this bear phase — "We stuck our neck out last couple months and attempted to call bottom at 58K... that would still be my view"
- *Green light to clients* — uses 3-box framework: long-term structural trend (adoption + scarcity), market cycle stage (bear already passed), macro backdrop — says all three now check: "So we are certainly giving green light to our clients"
- *Current:* BTC $76k early Thu, up 0.8% day, still ∼39% below ATH $126k Oct 2025. Not $60k resistance — $60k is his on-chain composite undervaluation floor from June 9 report. Actual resistance desks watch $81.7k (365-day MA per CryptoQuant)
Coinbase CEO Armstrong said same Sep 10: bottom in, 2-year up to next halving.
Willy Woo caveat same day: July 1 < $58k dip saw only 1.97% supply moving 1-7 days → 2.35% Jul 5, anomaly, "possibly single whale" bought bottom, not herd, so fragile.
So Grayscale bullish but not calling $58k→$60k — they're saying $58k _was_ the low, $65-70k now realized-price breakeven for recent buyers = durable floor if $74k holds.#ParadigmDisclosesZECHolding #USWeeklyJoblessClaimsFallTo196K
Grayscale Head of Research *Zach Pandl* told The Block:
- *June 30 low ∼$58k still call for bottom* of this bear phase — "We stuck our neck out last couple months and attempted to call bottom at 58K... that would still be my view"
- *Green light to clients* — uses 3-box framework: long-term structural trend (adoption + scarcity), market cycle stage (bear already passed), macro backdrop — says all three now check: "So we are certainly giving green light to our clients"
- *Current:* BTC $76k early Thu, up 0.8% day, still ∼39% below ATH $126k Oct 2025. Not $60k resistance — $60k is his on-chain composite undervaluation floor from June 9 report. Actual resistance desks watch $81.7k (365-day MA per CryptoQuant)
Coinbase CEO Armstrong said same Sep 10: bottom in, 2-year up to next halving.
Willy Woo caveat same day: July 1 < $58k dip saw only 1.97% supply moving 1-7 days → 2.35% Jul 5, anomaly, "possibly single whale" bought bottom, not herd, so fragile.
So Grayscale bullish but not calling $58k→$60k — they're saying $58k _was_ the low, $65-70k now realized-price breakeven for recent buyers = durable floor if $74k holds.#ParadigmDisclosesZECHolding #USWeeklyJoblessClaimsFallTo196K
