Was speaking to @filbfilb about his recent analysis post. BTC is already in good value territory from a long-term perspective, but I think extreme value sits in the $40k's region. Sustained drops below that area feel somewhat unrealistic imo. This would line up with tools like CVDD ($40k currently) and Balanced Price ($47k currently), which identify cycle extremes, aka market floors - as well as other data sets. No guarantee we have to head down there, as market already oversold, but that's about as low as I could realistically see us going if we did drop from current levels.(Philip Swift)