FreeYoda

I see very few people wanting to talk about it. But if this, $ 120k, was the new #Bitcoin 4 year cycle high, it was a lousy run. Just ~double of the last ath of $ 60k in 2021... Perhaps not bad compared to most out there, but still on the lowest side of the bandwidth I had in mind... Nevertheless I don't think any of my or any other model will hold when the fiat system wil start to implode. Just the basic numbers: Derivatives market is now $600 Trillion. This is ten times up from the number it was in 2008 financial crisis then it was $ 60 Trillion. So not only was nothing learned or fixed, things got TEN times worse.... The system can't afford a new bail-out so they made legislation about an bail-in. All deposits, all savings and probably all pension savings will be used to 'save' a system that is mathematical not save-able. I won't start about unfunded liabilities. If things can't continue they will stop. It is gonne be a mess. Not wanting to see this is understandable but not smart.

It is my guess the next run up will start as soon as most stop looking for some new temporary top. Realizes how cheap #Bitcoin still is and how early they are. AND START BUYING WITH BOTH HANDS.

Probably the biggest driver for current #Bitcoin price action seems to be profit taking by long term holders. That would mean the bullrun has yet to start....