Bitcoin ($BTC) : The Pain Threshold has been reached.


Per @Glassnode Short Term Holder supply in profit has officially fallen below 50%. This is the underwater phase. Historically when most recent buyers are in the red we see one of two things:
1. Capitulation (the final flush)
2. Heavy accumulation by whales
The $70k cost basis is now the psychological battlefield. Watch the liquidations.
BTC1,49%
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