I know many are down in the dumps, worried and feeling bearish (Crowd mentality in markets). However, IMO the onchain data has never been so bullish for #Bitcoin and crypto in general.
BTC is at $43k at an MVRV of x1.7
A year ago it was at the same price, at an MVRV of x3.5 with market sentiment at extreme greed
The cost basis has risen significantly in 2021
Over the past two years, Sichuan and Chongqing have made concerted efforts to faster building of an integrated sci-tech innovation hub. #twincities#Scitechinnovation#Chongqing
https://t.co/U61OmcCzUz