From this week's BI Report (#27): Mind the Gap Top Buyers’ Compass Revisiting the Top Buyers’ Compass—which uses the cost basis of <2-month holders as a psychological benchmark—provides a useful lens to gauge sentiment and estimate short-term price bands. Currently, this cohort’s cost basis sits near $115k, while spot trades around $109k. Statistically, this places price at -0.39 z-score on a 4-year rolling window. Historically, when the z-score trends below zero during bearish phases, it has often been followed by an extreme pain interval, where price extends toward -1 z-score (~$107k) before entering a multi-month healing process.... Read more when you subscribe to our weekly reports or try for free using the link in my bio.(Sina 🗝️⚡ 21st Capital)