$BTC has spent five months below the short-term holder cost basis at $72,200.
In past bears it takes five to six months to reclaim that level, and the realised price near $54,000 has never broken.
On-chain, this reads late-stage bear, with the clock running out on it.
BTC.D is finally breaking down.
I’ve been waiting all year for this moment.
Altcoins are about to make a comeback.
It’s going to be a very green summer.