Bitcoin's Fundamental State: A Look Beyond Traditional Metrics

The author of this article has had a long focus on Bitcoin and its future. Last year, they shifted their attention to commodities due to an oversupply issue in the crypto market and insufficient innovation.

A failed breakout attempt for Bitcoin last October was another reason for them to further reduce their exposure. Despite a milder percentage drop from the peak compared to 2022, this bear market has been tough overall.

The author notes that today there is no clear logic like in 2022, where rising interest rates and fraud cleansing led to a market decline. However, they see some signs of repair for the Digital Asset Treasury (DAT) and quantum computing risks.