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The key $BTC level right now is the Short-Term Holder Cost Basis ($99.1K).
December’s bottom formed near the -1σ band, a zone tied to weak conviction and downside sensitivity.
The bounce has brought price back toward the mean, but a sustained reclaim of STH cost is needed to confirm a real recovery.
Until then, this is still a transition, not a trend. 👀
$BTC
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$BIFI
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