$BTC and $SILVER rallied by similar magnitudes this cycle — just took different routes to get there. Maybe they bottom around the same zone too, just via different paths.
Historically, Bitcoin has dropped below both realized price and balanced price in bear markets. We haven't seen that yet this time. Though each cycle we've gotten closer to *not* breaching balanced price, so I wouldn't bet the house on it happening again. Still, the risk is real.
Keep those downside scenarios in mind for Q4. Don't lose the bigger picture while chasing short-term moves.
Once this drop plays out, both could run well in 2025. The structure matters more than the noise right now.
Historically, Bitcoin has dropped below both realized price and balanced price in bear markets. We haven't seen that yet this time. Though each cycle we've gotten closer to *not* breaching balanced price, so I wouldn't bet the house on it happening again. Still, the risk is real.
Keep those downside scenarios in mind for Q4. Don't lose the bigger picture while chasing short-term moves.
Once this drop plays out, both could run well in 2025. The structure matters more than the noise right now.
