The average cost basis for short-term holders (<1 month and <3 months) sits at $112,700, marking the first key resistance for a bounce—now just a stone’s throw away (based on closing prices). Once this level is broken, the next target to watch is $115,000, which lines up with the lower edge of BTC’s uptrend channel since April, coinciding with the extreme deviation zone on the MVRV indicator.
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Our investment rationale for DATs is based on a simple premise: DATs can increase net asset value per share by generating income, ultimately resulting in a higher underlying token holding than simply holding spot assets. Therefore, holding DATs may offer higher return potential than directly holding the tokens or through ETFs. Pantera has deployed over $300 million globally to DATs across a wide range of tokens. These DATs are leveraging their unique advantages to achieve per-share value growth by strategically increasing their holdings of digital assets. Below is an overview of our DAT portfolio.
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One thing SZ and I have always aligned on is higher time frames and zooming out on a chart especially when your belief in an asset is absolute. Exhibit (a) The $BERT chart on the daily. This looks about ready to make a considerable move up if we can close out at this level or above it. The road back to ATH and beyond is upon us folks. Strap in.
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