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But we saved everything 🙂.
James Van Straten highlights that if the typical four-year cycle continues, Bitcoin could dip below its realized price of $54,000.
He points out that this week saw a 15% decline, marking one of the most significant weekly drops in recent years and putting it on par with the FTX collapse. According to Van Straten, a record 10.6 million coins are now being held at a loss. Limit orders are reportedly set from current levels and down.
Van Straten recently observed that markets are pricing in a Federal Reserve rate hike and noted strong capex spending reduces the likelihood of a recession this year, according to his market outlook. In a separate note, he suggested SpaceX may follow recent IPOs such as Circle and CoreWeave by posting initial gains before a pullback, referencing trends in recent listings. His prior remarks have focused on early market reactions and subsequent adjustments.