I'm watching one key level on $BTC right now: the 200-week moving average at $62,400. We're sitting just above it at $62.7K.

Anything at or below this level? That's cheap in my book. We could easily chop around here — or just under — for weeks.

But here's what would make me go all in: the realized price at $53,400. That's the level that changes everything for me.