In a negative scenario, one metric becomes the absolute baseline: Realized Price. Simply put, this is the average cost basis of every Bitcoin on the network. History gives us two clear signals of statistical anomalies: – $BTC in 2022: Trading below $22k was a deviation below the market's average entry. – $ETH in April 2025: When it dipped below its realized price of $1,950, it proved to be the cycle's best asymmetric entry just months later. I am not saying price must revisit these levels. Data requires preparation, not prediction. Right now, the Realized Price for Bitcoin sits at ~$55,500.