if bitcoin truly bottomed at 58K i like to give flowers to
@_Checkmatey_ and
@renato_shira
there are over 1000 bitcoin onchain indicators, over 100 technical indicators, over 100 correlations and microstructure indicators and backtests and alpha decay needed to invalidate each
hard to navigate and determine what is noise and im myself am guilty of this i can look at the URPD analysis chart everyday but so what? Over analysis can still befall on me
The buybacks on long dated treasuries is an enduring catalyst and i had <12 hours to invalidate models because scott bessant sneaked that one in on a negatively sloped realized price. Difficult lesson that price and value matters over timing
Also credit to
@_nym21_'s open source Bitcoin Research Kit for powering everything. Happy to be a bitcoiner again $BTC