For this wave of bitcoin decline, it is normal for the price to fluctuate between $3,000 and $5,000 in a bull market, and even if the price crashes, the short-term theoretical lowest point will only fall around $58,000, and every large price drop is still an opportunity. Judging from the MVRV, there is still the possibility of bitcoin doubling, and it is still far from the top. There is also the Bitcoin price and its realized market capitalization, the ratio chart of the four different age groups, especially the orange block (which represents the 2-3 year group), which now seems to be halfway through the key historical node.