โ Miner breakeven sits at ~$69โ74K right now โ Historically BTC bottoms slightly below miner cost then reverses โ Weโre already in that zone
โ FTX was the last big black swan $32B collapse, contagion everywhere โ No comparable catalyst exists right now โ Absent a major systemic shock, this is the flush
โ Institutions are in via ETFs baseline demand floor is structurally higher than any previous cycle โ Theyโre not exiting. Theyโre accumulating at these levels.
The data points to 60โ70K as the real floor zone.
Iโm DCA-ing here. Not all in. Sized for volatility.