Back to what I was saying about options, for example Space x is down 17% down from the day it went public, 45% from ATH. Well wasn’t pretty obvious it was/is overpriced? But who bought puts ?
Bitcoin’s last cycle low was the first time that went below the previous cycle’s top which was 19k at 2017. Was 69k->15k.
This cycle low might end up below last cycle’s top but also below the halving’s price.
So 126k-> below 64k?