Dmitry Tokarev

Speaker is "pretty bullish" on the "big three" including "Bitcoin soul." He notes the realized price (global average cost basis) is ~$56k and that Bitcoin historically doesn't dip far below this level. He also bought Bitcoin when it dipped into the $60ks, feeling it was a bottom. The realized price acts as a strong historical support level. Market participants are psychologically bad at realizing paper losses, making a sustained drop below this average cost basis statistically unlikely based on past cycles. LONG. The combination of a key technical metric (realized price) providing support, contrarian buying at perceived lows, and his overarching bullish market view indicates a positive outlook. A macro shock or regulatory event that breaks the historical pattern of the realized price acting as support.