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Axel 💎🙌 Adler Jr

Bitcoin Realized Price (Cost Basis): #Support

- #STH Cost Basis (Realized Price) = $107.4K
- US #ETF Cost Basis (WAC by NAV) = $78.9K
- Strategy (#MSTR) Cost Basis = $73 527
- #LTH Cost Basis (Realized Price) = $35.6K
Swissblock

Bitcoin, what’s the plan?

Despite downside pressure, we have not seen a capitulation in price momentum.

(1) Sustained negative momentum in spring aligned with the drawdown and lower highs.
(2) In June, momentum declined in steps, led to a correction, then stabilized and reversed to positive.
(3) Short bursts of trending momentum while price fails to break higher point to bullish divergences that a clean break above $110K would confirm.

Momentum is stable and will break the bearish compression.