The most alarming set of data for $BTC: ✅ STH Realized Price: 74K, already touched ❌ Realized Price: 53.6K, never touched ❌ LTH Realized Price: 50K, still far out of reach A lot of people have already started saying: 'The bear market is over.' 'The bottom is confirmed.' But history tells us something else: In every cycle, the true bottom always breaks below the Realized Price. Every market-wide panic and capitulation always touches the LTH Realized Price. And this time? Neither has happened. Maybe this time really is different. Maybe the market is making history. Or perhaps— The real panic hasn’t even begun.