Recent data from K33 Research suggests $BTC is mirroring the "late-stage bear" structures seen in late 2022. While technical indicators point to a local bottom around $60,000, Vetle Lunde warns against expecting a "V-shaped" recovery.
Key Takeaways:
Historical Parallel: Market signals today are strikingly similar to September/November 2022—periods characterized by long sideways accumulation.
The "Fear" Paradox: Buying during "Extreme Fear" (Index at 5) historically yields only a 2.4% 90-day return, compared to 95% during "Greed." Fear signifies stability, not necessarily an immediate pump.
The Outlook: Expect a consolidation range between $60,000 and $75,000 for the foreseeable future.
Institutions are trimming, not exiting. This is an accumulation phase for the patient. 💎
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