While it’s best to treat Bitcoin as if we are in a bear market until we recover above key levels like the STH cost basis, this distribution phase is much like the distribution we saw around $10k from mid-2019 through October 2020.


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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