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BITCOIN MAY BE ENTERING A NEW ERA. Bitcoin’s cycle bottoms are getting less brutal with every cycle: 📉 2011: -58% below market cost basis 📉 2015: -44% 📉 2018: -31% 📉 2022: -25% 📈 2026: +10% The trend is hard to ignore. With each cycle, BTC is falling less below the average investor’s cost basis. If the 2026 low holds, Bitcoin could make history by reaching a major cycle bottom without ever trading below the market’s cost basis. #LaborMarketTestsWalsh #BTCGoldCorrelation