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Bitcoin’s cycle bottoms are getting less painful: 2011: -58% below market cost basis 2015: -44% 2018: -31% 2022: -25% 2026: +10% In simple terms: Each cycle, Bitcoin is falling less below the average investor’s cost. If the 2026 low holds, this could be the first major cycle bottom where BTC never traded below the market’s cost basis. That’s a big sign of a maturing Bitcoin market.#LaborMarketTestsWalsh #BTCGoldCorrelation #BroadcomDellAIResults