Price is falling much more than expected, my take is the government shutdown made many stackers sell to cover bills while awaiting paychecks, combine that with everyone and their mother believing we're about to enter the next Bear market.
We're not going to enter another bear market, at least not yet. There's been no blowout top, no crazy climb to multiples of the current production cost, no slowdown in the growth of the mining network.
When this bear trap ends we're gonna see fireworks as everyones FUD switches to FOMO.
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Makes sense 😉
Let’s see how this play out
i would agree with you in previous cycles. however with the perpetual bid from institutions and nation states, this time really is different. happy to be wrong here, but this is not our normal cycle. i think the blowout top bull and bottom-barrel bear cycles are no more. we're in a new phase for bitcoin.
It would be nice if the last 3 years of stair stepper growth became the new normal. Nobody losing their shirts for 3 years, that's what significantly hurts adoption.
Year 4 cometh. We shall know soon.