This is a bearish post.
What if ATH of this cycle has already been reached?
Over the past year, the market has seen numerous positives, yet the expected price reaction hasn't occurred.
- Trump embraced $BTC as a reserve asset, but the U.S. won't buy or sell it, only accumulate the seized ones
- The market is ignoring ultra-bullish events
- Bitcoin halved. The U.S. President turned pro-Bitcoin. Global accumulation is starting. Crypto policy is easing like never before. And yet, the Fear & Greed Index is at 25
- There’s liquidity, but it’s not flowing into alts
- ETFs are live, but demand is slowing
- No altcoin mania. No real blow-off top
What if the next stop is $40,000 per Bitcoin?
In short, I'm increasingly thinking that the shakedown continues. But I don't want to believe it. The fear is present, but not enough of it yet. Most still see the fall as a “discount.”
We believe good things, but the worst-case scenario has just become much more likely. 0 reply
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