Appreciate the level 2.0 write-ups on the mining space. Interesting comments around the duration component with periods of a low Puell Multiple - hadn’t thought of that in the past. Seems like a high correlation with the extended sideways drift/drawdown in price that have happened during most bears.
Appreciate the level 2.0 write-ups on the mining space. Interesting comments around the duration component with periods of a low Puell Multiple - hadn’t thought of that in the past. Seems like a high correlation with the extended sideways drift/drawdown in price that have happened during most bears.
Great data and write up. It seems that we would likely see a test of the production cost level $16k for a final capitulation of miners.
insightful