Bitcoin: Analysis Refutes 2009 Single Dominant Miner Theory

BitMEX Research highlighted fresh analysis from @raw_avocado that undercuts prior claims of one dominant Bitcoin miner controlling nearly 1 million BTC in 2009, building on the Patoshi Pattern while clarifying early participation by @halfin and @druidian.

Price action on the 4h chart shows BTC at $60337.67 testing lower Bollinger support near $61217.89 while the EMA50 at $63633.07 and EMA200 at $68002.08 act as stacked resistance overhead; the RSI at 25.27 signals deep oversold conditions yet the MACD death cross at -563.69 keeps the broader structure bearish, suggesting any bounce may stall before reclaiming the upper band at $65567.12.