It's been price suppression since 2021 imo. Massive scale stacking has been going on for years. That's my story and I'm sticking to it.
And damn, isn't it cool that Bitcoin still breaks out higher and higher despite that.
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The greater the price suppression, the greater the eventual real pump. There is absolutely $1M within this cycle. Something happened in 2021 and I partially agree with your thesis.
I'm with you. You can only hold a balloon underwater for so long. Especially if people are constantly adding air to it. And it'll only fly higher once you let go.