Bitcoin Below Key Cost Basis: Are We Shifting into Extreme Bearish Market Regime?

TLDR: Bitcoin trading below 12-18 month holder realized price historically precedes extended bearish phases  Medium-term holder accumulation rate decelerates despite positive balance changes signaling weak conviction  Negative unrealized profitability combined with stable cost basis creates overhead resistance for rallies  Market structure favors consolidation and downside risk until price reclaims key realized price levels   Bitcoin’s [...]

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