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If we apply this framework to recent cycles, we can see that the ongoing bull has been very similar to the 2017 cycle from a macro perspective. In particular, the recent consolidation phase near the previous ATH aligns with the equilibrium to euphoria boundary described by the 3.5 multiple applied to the LTH-Realized Price 🔴.
🕒 29.06.2024 10:59💎 0≈0.000 Ƶ🔽 0