🧸 CEO of #CryptoQuant : From the perspective of the traditional cycle, Bitcoin is still far from forming a bottom.
The risk-to-reward ratio improves significantly as the price approaches Bitcoin’s on-chain average buy cost (#On-chain ). In each previous cycle, Bitcoin reached the level #RealizedPrice .
Maybe this time will be different.
The risk-to-reward ratio improves significantly as the price approaches Bitcoin’s on-chain average buy cost (#On-chain ). In each previous cycle, Bitcoin reached the level #RealizedPrice .
Maybe this time will be different.