🚨 CHARLES SCHWAB'S DIRECTOR OF DIGITAL CURRENCIES RESEARCH JUST LAID OUT THE MOST UNDERRATED BTC VALUATION FRAMEWORK
"Our entire framework for investing in Bitcoin comes down to miner metrics."
Here is the data most retail investors have never seen:
Top miners produce Bitcoin at roughly $60,000 per coin. Those are the most efficient operations with the cheapest energy and newest hardware.
Average miners produce Bitcoin at $95,000 per coin.
Why does that matter?
"In deep bear markets, the cost of production has historically served as a bottom."
When Bitcoin falls below what it costs to produce, the least efficient miners shut down. Supply drops. Price finds a floor.
$60,000 is not just a number. It is the cost of the most efficient production on earth.
Average miners are already underwater at current prices. That is not a crash signal. That is a compression signal.
Bitcoin has entered the 3rd and final stage of the bear market.
This is because the guys who mocked the bears in stages 1-2 are now admitting price could go lower.
They were a bull in a bear market, and they will likely turn fully bearish in the bull market
$INJ
I stopped monitoring but I think the Silver trend broke, so I guess it's time to move on .. but that $BNB ratio looks tempting ..
Thinking of rotating and accumulating @injective over 6 months ..
Would you long this chart?
@techsportsmark@WOLF_Bitcoin_@bitsofwealth Price action gives me Apr 2022 vibes.. Sep '22 vibes .. dead cat energy to me
Waiting for alts to snap crackle & pop to the downside thru/after May