Have we reached the bottom? 📊 Here's why it seems like we hit a local low in the market yesterday, with potential for further gains in 2024:#BTC

- The Fear and Greed Index sits at 43, signaling fear and a shift from extreme greed in March#bitcoin .

- Current market price closely matches recent buyers' cost basis, suggesting limited downside as most vulnerable sellers have likely exited 🛒#Memecoins

- Realized losses for short-term holders are high, typically peaking near market lows, indicating panic selling has peaked.

- The MVRV ratio for short-term holders falling into the 0.9 to 1 range suggests maximum financial strain 🙀#bitcoinhalving

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