help me out here. BTC abnd ETH peaked in early march, 4 months ago, and have been ~stagnant since.

i would say that we are well past the short-lived, 3 month "bull market" and have settled into the new crypto winter but many aren't casting or tweeting as if we are.

why is this? bc there wasn't a catastrophic drop?

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

i don't get how crypto winter is the narrative. sure memes and shitcoins got decimated but btc/eth are up big from their lows last year.

valid point, "bull market" isn't the narrative either given prices haven't continued to rise for the past 4 months

this is a reasonable conclusion to draw. however, the reason it's not a bear market is because we haven't created new lows. in other words, the troughs on the charts in your cast are getting higher. so that's still considered bullish from a technical standpoint.