Prediction evidence

David Duong says ETF holders reclaiming $82K triggered profit-taking, and 80 is where accumulation starts "One thing that you didn't mention, and I think a lot of people aren't paying attention to it. Bloomberg's James Seyffart said that we've now reclaimed the $82,000 average cost basis for those ETF holders. And I think that part is what's important, because that is what's driving the price action over the last 24 to 48 hours." "It's very hard to reconcile, if we're flipping positive on all these flows, then why is it that we were down $2000 on Bitcoin? A big part has to do with the fact that people wanna take profits when they actually reclaim those levels, because they're like, oh man, I've been holding this forever. I'm up, get me out of here." "They're probably not the Bitcoin holders that would listen to the show, which would be like, are you kidding us? We've been holding for 10 years. What are you talking about? You've held it for 2 years." "On the other side of that, you also have a lot of dealers who are now sitting on short gamma positions on Bitcoin. So probably the combination of the two is what's dragged us a little bit lower." "This is obviously an unequivocal good for Bitcoin. I think you'll see it reset here, and I wouldn't expect it to reset below 80. I think it's probably gonna get to the 80 level again, and you're gonna start seeing buyers come in. But I would expect that this is a place you're gonna see more accumulation rather than people trying to capitulate."