Yup. Price is already a little conspicuously below model line. Area under the curve is far higher since 2022 than all time before 2022.
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I wonder what the orange run up will look like in this cycle. It's a little weak right now. And I don't see us getting up to the $1m line before the next halving, but you never can tell.
Yes but the FTX manipulation was very significant. Huge in both paper bitcoin as well as blow to retail confidence.