The number that actually matters isn't the $50k target

Everyone is freaking out because Standard Chartered just cut their 2026 $BTC prediction from $150,000 down to $100,000. But that long-term guess is just noise.

Here is the data point you should actually care about: the average buyer entry price is currently sitting at $90,000. That means the average holder is underwater right now.

When you combine that with ETF outflows and a weak US economy that isn't getting rate cuts anytime soon, the setup looks heavy. The bank thinks we could test $50,000. If that happens, it is because all those buyers at $90k start capitulating.

If we actually flush down to $50k, do you have dry powder left to buy, or are you already all-in from the top?