Bitcoin may have already hit its cycle low, but the confirmation signal still hasn’t fired. Mike and Ryan break down the bull case for a $60K bottom, why realized cap and supply in profit matter, what top-buyer cohorts are still signaling, and how inflation, rising yields, and a potential Fed hike could force one more drop.----📣GALAXY | INSTITUTIONAL DIGITAL FINANCEhttps://bankless.cc/Galaxy ----🎯THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.cc/tdr-rsshttps://thedefireport.transistor.fm/https://x.com/the_defi_reporthttps://x.com/JustDeauItThe Watch List: Zcash (ZEC)https://thedefireport.io/research/the-watch-list-zcash-zec----TIMESTAMPS0:00 Intro4:16 Realized Cap Signals12:17 Supply Profit Check14:11 RSI & Cycle Lows18:01 Coins Still Need Rotation20:51 Inflation & Yields31:00 Key Levels & Scenarios34:17 Altcoin Rotation Watch36:52 Closing & Disclaimers----Not financial or tax advice. For educational purposes only.