BI Report 31 - Onchain Analysis: Below The Mid-line This week’s onchain analysis is out. Make sure to read this one as it indicates what is likely to happen after the recent pump from the lows. Highlight: Bitcoin fell to 109.6k, breaching the short-term holder cost basis at 111.6k. The STH-MVRV ratio at 0.98 signals rising pressure on new investors. Long-side max pain sits near ... Access full content and the video companion on our website or Substack. bi.21stcapital .com BitcoinIntelligence.Substack. com(Sina 🗝️⚡ 21st Capital)