🚨 Is the bull market already over? Unlikely. Every cycle, BTC tops at a multiple of the realized price: 2011: 8× 2013: 6× 2017: 5× 2021: 4× Now? Realized price ≈ $51k. A modest 3× gives $150k — at minimum. And as price rises, realized price rises too… drifting the top even higher. 👀📈 #Bitcoin #Crypto #BTC(Gert van Lagen)