Mean reversion is a universal element of the world we live in.
Reversion to the mean is a statistical phenomenon stating that the greater the deviation of a variable from its mean, the greater the probability that the next measured variation...
That's it -- that's the post. There's nothing to discuss.
Bitcoin and the rest of the asset class are still a choppy mess. There's no conviction in taking longs until price action can shape up in a more bullish manner...
There's only one thing you need to know about Bitcoin miners. That is, they're essentially long Bitcoin's price, short the hash rate, and short electricity prices.
Wonder why publicly traded Bitcoin miners have been laughable? It's because all...