The core of those BTC bear-bottom indicators that have perfectly triggered in the past: the price drops enough and hard enough—hard enough that long-term holders (LTH) capitulate and mass-sell to complete the final leg of the decline

But if, in a given bear market cycle, the price never breaks below the LTH cost line and no large-scale LTH capitulation event occurs, then it’s also possible to go through the bear market without triggering the relevant indicators

Q: Do you think that “a given bear market cycle” will be this one? 🤭