Murphy
Murphy|Apr 27, 2026 01:00
Is this time "different" or is this time "the same"? The Real Market Average Price (TMMP) is a cost mean regression model that includes all active chips on the chain; For example, ETF trading, OTC, Exchange transfers in and out, and exclude miners, long-term dormant or lost chips. Short term holder realized price (STH-RP) is the average on chain turnover cost of all short-term chips. In the eyes of many analysts, it is the temporary boundary between bull and bear. Although STH-RP and TMMP measure different dimensions, they both have a large number of chips that maintain sensitivity to them. As an important psychological barrier, it is often the strongest resistance level when prices rise. If STH-RP and TMMP overlap, the resistance will inevitably double. After all, in a bear market sentiment, releasing a large number of chips from losses can create serious selling pressure. Therefore, in the past 13 years, whenever encountering the intersection of the red and green lines, BTC has made the same choice - to continue to explore. And currently, TMMP=$78,000; STH-RP=$80,000; The BTC price is approaching infinitely, and the red and green two lines are also about to intersect. So, this time is' different '? Is it the same this time? We'll wait and see! ------------------------------------ I think many times, you will encounter authors ending in this way. Because open-ended conclusions are the most error free way of expression. If you don't want to be scolded, misunderstood, or provoked, ending here is the wisest way. But fans will definitely be very unhappy watching it. If there is no conclusion or viewpoint at the end of the long speech, it is just nonsense! So, if you are sure you want to refer to my personal subjective viewpoint and have the patience to listen to me continue speaking, then let's continue ..... (Updated sequel this afternoon)
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