Bitcoin is severely undervalued, similar to the COVID crash. #Bitcoin

This chart is from today’s Bitcoin Strategy newsletter. Read more about the short-term outlook and key resistance levels here 👇 https://www.bitcoinstrategyplatform.com/news/short-term-outlook

Read the latest Bitcoin Strategy newsletter for price action, key levels, and Bitcoin’s correlation to the S&P 500 👇 https://www.bitcoinstrategyplatform.com/news/recovery-or-relief

STH cost basis at $103k (and trending lower). #Bitcoin

This drawdown caused the biggest spike in realized losses in over 2.5 years. #Bitcoin

Supply Distribution: More than 5% of all #Bitcoin changed hands during this drawdown! Movements of this size are rare but seen during capitulation.