Bitcoin is down more than 20%, but the bullrun isn't over yet.

This correction is not the end of the cycle, but just a pause. $BTC is down, altcoins are down even more, and sentiment has turned bearish. But if you zoom in, nothing has fundamentally changed.

Y'all know me, still the same ol' G

DeBank- sdbs
Lens - sdbys

In the previous cycle, there were twelve such dumps to the actual peak. Nothing about this drop breaks the bull cycle. The market overheated, leverage rose, and now we're cooling off. Standard cycle behavior.


The real problem? No new narrative. Every bull market needs one - DeFi in 2020, NFT in 2021, memes in 2024. Right now we are in between trends, waiting for the next big play.


Macroeconomics aren't helping either. High rates and weak liquidity are getting in the way. But if the Fed changes its mind later this year, expect risk assets to take off.




Long-term outlook? BTC is still in the price discovery phase. The idea of $200K today sounds wildly like $69K in 2021.
