Recently, I've looked at a lot of on-chain data and institutional research reports. Regarding Bitcoin and Ethereum, I tend to believe that 60k/1.7k is the bottom. However, the current recovery is a rebound, not a reversal. From the LTH and STH data, it can be seen that the upward momentum comes from a reduction in supply (fewer people selling at a loss) rather than an increase in demand (more new entrants buying in).
With the upgrade of MSTR's financing toolkit, the bottom is formed by buying. The next phase might be a sideways consolidation process, waiting for macro liquidity or policy tailwinds before a further breakthrough can occur.
My strategy remains dollar-cost averaging (DCA).
$Strategy(MSTR.US)$BitMine Immersion Tech(BMNR.US)
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