Good morning ☕️ friends When I'm going through a tough time, I always remind myself that if I give up, things won't get better.
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Good night, friends🕵️ And yes, it's gone below 90k. Liquidity has returned, but it seems like it can't go any lower. Will there be an alt-season or not? Everything keeps falling, it's scary to look at my altcoin portfolio. It's the beginning of the weekend, spend it productively, with your family and friends! We are waiting for the alt season😏
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Bitcoin's current situation resembles early 2022. According to analytics firm Glassnode, the current Bitcoin market situation is similar to the market structure observed in the first quarter of 2022. Glassnode analysts presented data from their Supply Quantiles Cost Basis Model, which determines price levels corresponding to specific levels of investor profitability. The model tracks three supply quantiles: 0.75, 0.85, and 0.95. When Bitcoin trades at 0.75, 75% of the supply remains in profit, while 0.85 and 0.95 correspond to 85% and 95% profitability, respectively.
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