BITCOIN: MACRO BOTTOM While on-chain metrics like MVRV and CVDD (Cumulative Value-Days Destroyed) suggest a potential cycle bottom between $40,000 and $50,000, Bitcoin’s technical chart paints a different picture. Historically, major cycle bottoms have been marked by a precise technical trifecta. • RSI: Drops to ~43.65 on the monthly chart. • Chande Momentum Oscillator (CMO): Declines to ~-71. • Moving Average: Price tests the 50-month moving average. Historical Validation: • 2015 Cycle: In March 2015, this technical cluster flashed at $235. While the price briefly wobbled down to $162, the signal marked the start of an 8,300% macro expansion. • 2019 Cycle: In January 2019, the trifecta printed with Bitcoin trading at $3,333 (just above the $3,124 absolute low set a month prior), kickstarting a 1,911% rally. • 2022 Cycle: In December 2022, the signal triggered at $16,270 (just above the $15,473 bottom) while trading near the 50-month moving average. A 675% rally followed. Last month, Bitcoin corrected to $58,000—triggering the same historical setup: Monthly RSI has dropped below 43.65; Chande Momentum Oscillator has cooled to -71; and Bitcoin is actively trading around its 50-month moving average. While on-chain metrics could still pull price back into the $40,000–$50,000 range to sweep the CVDD floor, this technical alignment represents a historically dominant accumulation zone. Shifting focus away from short positions and toward spot BTC accumulation offers a highly favorable risk-to-reward ratio at these levels.(Ali Charts)