Cathie Wood says t he bottom is not in:Bitcoin closed Q1 near $68,200 after breaking through three major on-chain supports. The 200-day moving average at $90,613, the short-term holder cost basis at $82,767, and the on-chain mean at $78,039 all gave way.In addition, the supply in profit compressed from 78% to 50% before recovering. However, it never crossed below the supply in loss. That threshold typically signals a deep-value capitulation.ARK places the true downside zone between the realized price near $54,000 and the investor price near $50,000. A break into that range has historically flagged a high-conviction global bottom, but neither level was breached in Q1.https://finance.yahoo.com/markets/crypto/articles/bitcoin-whales-accumulate-69-more-052711529.html
ARK's data shows supply held by conviction buyers jumped from 2.13 million BTC to 3.60 million BTC in three months. The 69% increase marks the fastest absorption phase since the 2020 cycle.That buying into a sharp price decline mirrors historical patterns where long-term holders absorb panic selling. ARK describes the pace as evidence that strong-handed participants viewed the drawdown as an opportunity.Spot Bitcoin exchange-traded fund (ETF) balances reinforce the view, closing March near 1.29 million BTC and staying roughly flat quarter over quarter.“Such stability suggests that institutional conviction remains strong, even amid significant downside volatility,” the report read.
>>62152282Yeah bro open up your shorts, some boomer said its going to $50000 because thats what it did 4 years ago
>>62152293I'm not personally opening any shorts, just sharing info. I have no idea what's going to happen
indicators are for midwits
sorry gents, cathie use to have good picks but my dick gave her brain damage
>>62153382>subtle scornful remark since anon lost top dick pick statusIts time to move onShe's not even hot
