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Published 26 Aug 2026, 14:18 UTC · fetched 6 Nov 2026, 14:18 UTC
Sminston With 👁
@sminston_with
In reply to · 26 Aug 2026, 14:18 UTC · context given to the AI
As for why I think people misused this metric this cycle, and a trend I wasn't hearing anyone talk about at all: Every cycle bottom has been less underwater than the one before it: 2011: -58% 2015: -44% 2018: -31% 2022: -25% ------------ 2026: +10% (May be reminiscent of the trend I saw in Bitcoin cost of production, if you recall from recently)My interpretation: Long-term Bullish for Bitcoin. Holders are getting stronger every cycle, as volatility diminishes with time, yet all while continuing to follow the power law price appreciate trend. Therefore each bottom forces less selling than the last, and this time nobody was forced to sell at a loss at all. Go figure. NOT FINANCIAL ADVICE. -SmittyView original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Awaiting manual review
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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