Bitcoin falls to lowest Power Law valuation zone since FTX collapse
After briefly falling below $66,000 on Wednesday, bitcoin BTC$66,924.57 is trading near the bottom of the Power Law corridor, a level that has historically come shortly before rebounds in the price of the largest cryptocurrency. The model, popularized by physicist Giovanni Santostasi and refined by Porkopolis Economics, plots bitcoin’s price against time on a logarithmic...
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