That is because there is no bull. It's just dust on a mirror. Up 6% since December 17 last year. 10-year US treasury notes have returned more over the same period.
Discussion
Mmmmmm love some cherry picked data points 👌
I hear you but for someone like me who is retired and is in drawdown mode, there is no more fiat to be DCAing into Bitcoin. You naturally evaluate against prior peaks.
It’s all arbitrary. I think average cost basis is the only thing that makes any real sense vs spot price on a given day.