BTC hits the true market cost price! Is it a bull or a bear after the bubble is cleared?
The answer lies in the fluctuations.
When the BTC price dives into the "true market cost price (TMMP)" range, informed investors know — this wave is not an ordinary pullback, but rather the moment for a "mass cleanup" of the speculative bubble!
As a highly practical on-chain indicator in the crypto space, TMMP is much more reliable than ordinary moving averages: it directly filters out coins produced by miners, focusing only on the circulating supply traded with real money in the secondary market, essentially performing a moisture removal check on the market.
When the price spikes above TMMP, it indicates that the bubble is expanding, and speculative sentiment is at its peak; once it falls below this line, it signals that the bubble has been fully squeezed out, and the market returns to the most genuine supply and demand logic.
However, don't think that once the bubble is cleared, there will be a clear direction! On the contrary, BTC at this time resembles the "Schrodinger's coin price" — the seeds of a bull market may sprout in the consolidation, or it may still need to endure another round of bottoming, and no one can guarantee an outcome.
But one trend is becoming increasingly clear: the short-term probability is a script of "sideways fluctuations + range consolidation."
After all, the bubble has just been cleared, and the market needs time to recover; both bulls and bears need to find a new balance.
From historical data, it can be seen that periods when the price is below the true market cost price often hide good rebound potential — just like a beach ball pressed underwater, once released, there is space for upward force.
Next, don't rush to guess the bull or bear; the focus should be on the changes in trading volume and support strength during the fluctuations, patiently waiting for the rebound window to open ～
