I’m convinced of bear too many things lining up.
- Late cycle whales selling
- 4 year cycle lines up perfectly
- dumping on positive news ie rate cuts and massive earnings.
- high correlation with tech which is massively overvalued
- MSTR losing all upside correlation to BTC
- sharpness of price decline
- breaking below major long term trend
- bearish Q4 when this is typically very bullish time of year
- very weak bounce from 80K
- sentiment horrible between devs ie core/knots
- underperformance to almost any asset this year
