So $BTC just parked itself at $87K, and here's the thing — it's now sitting above every major realized price level that people obsess over. Realized price is at $53K, the 155-day sits at $72K, and the 2-year is at $86K.
The old playbook said we *have* to retest realized price in every bear cycle. That was the gospel for years. But that setup? It's basically gone now. I don't see us dropping below $53K this cycle. That ship sailed.
Not saying it's impossible — crypto loves proving people wrong — but the clean, textbook retrace everyone was waiting for? Yeah, that's off the table. The market's just not playing by the old rules anymore.
The old playbook said we *have* to retest realized price in every bear cycle. That was the gospel for years. But that setup? It's basically gone now. I don't see us dropping below $53K this cycle. That ship sailed.
Not saying it's impossible — crypto loves proving people wrong — but the clean, textbook retrace everyone was waiting for? Yeah, that's off the table. The market's just not playing by the old rules anymore.
