Thesis is that institutional money started accumulating after the launch of IBIT. Assume since the launch of IBIT, many buyers are dollar cost averaging in. Anchor VWAP (AVWAP) since IBIT launch has served as support during both liberation day sell off and the recent capitulation in November which is roughly around $85k. Does this mean we are near the bottom or are the bears right that we have more room to dip?
Note
If AVWAP from IBIT high is broken with significant volume, we should see a lot of selling as buyers go underwater and look to cut their losses.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.