Found the correlation between institutional cost basis ETF and BTC price. In the past two years, since institutions entered, the tops and bottoms of BTC have been very regular. BTC price is almost always about 50% higher than the cost basis of the institutional ETF, which triggers profit-taking until the BTC price retraces to the ETF's cost basis, starting the next round of upward movement. The chart captures several key time nodes without exception (green line is the average price of the ETF): 21/Jan/2025, 08/April, 13/Aug, 06/Oct, 22/Nov. Until now, the average price of the ETF institution remains around 83.4k, as the Fed's RMP bond purchases gradually restore liquidity from depletion to a normal level above 3 trillion. Perhaps the bottom of BTC has already passed. In extreme cases, in June 2024, BTC price dipped no more than 10% below the average cost price of various ETF institutions before rebounding. Found a massive correlation between Institutional ETF Cost Basis and #BTC price action. Since institutions entered, the pattern for tops and bottoms has been consistent: 1️⃣ Top Signal: When BTC is 50% above ETF Cost Basis → Profit taking triggers correction. 2️⃣ Bottom Signal: Price retraces to the Cost Basis → Next rally begins. Validated across key dates: Jan 21, Apr 8, Aug 13, Oct 6, Nov 22. (Green line = ETF Avg). Current Outlook: • ETF Cost Basis: 83.4k • Fed RMP liquidity is returning to normal levels >3T. The stage bottom is likely behind us. Even in the extreme case of June '24, BTC only dipped 10% below cost before bouncing. #bitcoin #crypto #ETFs