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Hassan Imtiaz
The $80K level, corresponding to mean STH MVRV, currently acts as a support zone. The key support level is the STH cost basis at $74K. A pullback that deep is possible under severe macro stress or serious problems in the AI sector.
STH MVRV is currently 1.105, roughly 200 points below the 1.300 euphoria zone, where the risk of a local correction will rise due to sizable STH profits.
Buy the dip.
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