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This is the most interesting chart I´ve seen in recent days.
If this is the cycle top, it would be incredibly odd imo. Timing-wise and overvaluation-wise it doesn´t look like a cycle peak at all.
Indicators and TA are not of any use right now, the bigger picture is.
#crypto
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just dredging this up re: recent china news. if china bans mining in places like Xinjiang, that's incredibly positive. remember, Bitcoin doesn't "need" a specific level of hashrate. nothing changes if HR falls off