In 2018, this is the day BTC found a low at just below $6k.
That low more or less held until Q4.
Let's see what BTC does here?
Could we be repeating, just 10x higher?

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Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

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History doesn’t repeat, but it loves to rhyme at scale. Watching the reaction here matters more than the analogy.