Nocoiners love to say bitcoin is still down from its ATH of $20k. Bitcoin is not like the S&P 500 though. Bitcoin didn’t linger within 10% of its ATH for months. It was near $20k for hours. Out of 10.5 YEARS, there are only 52 DAYS you could’ve bought bitcoin & be down today.
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it's also at a realized cap ATH, meaning that on balance, holders are in profit. more systematic way of expressing that same pointpic.twitter.com/WJRDD0TaqS
That's a great way to measure it! Do you have a logarithmic version of this graph?
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I like it.
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