BTC is still struggling around $65,000, which happens to be where <10y_RP is currently positioned—a 'historical average transfer cost' that excludes most lost BTC from cost statistics, making it closer to the real level. This is likely the last stand of the bulls in terms of conviction. If this critical support level is breached, the current downward trend is highly likely to deepen into a bear market path. During the coldest phase of the bear market, don’t be surprised or influenced by any negative or even despairing voices you hear! BTC at 30k, 8k... no matter how much you see, there’s no need for verbal sparring—just use your positions to validate your views. Pessimists are always right, optimists always move forward!