Is 58K the bottom? James Check and Grayscale’s Zach Pandl are both betting on this level. Just because they call it in unison doesn’t mean we’re truly at the bottom. On the macro side, rate-cut expectations haven’t materialized yet; Treasury yields are staying elevated, so where would the confidence for risk assets to rush in come from? Bottoms are always something you only know in hindsight. If you’re rushing to buy now, first think through the contingency plan for what happens if you get buried.

$BTC #BTC