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Excel31
Historical bottom signal is still missing 🔎
Historically, a true Bitcoin cycle bottom only forms after more than 50% of holders are sitting in deep losses (underwater)
Right now, we haven't even hit the 40% mark
This is another clear order flow indicator that calling a macro bottom right here is premature. Smart money waits for maximum pain before flipping long-don't get tricked into buying early.
We stay patient and wait for the actual liquidity sweep

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