This feels very different than 2021:
-Bitcoin seems to only trade on wall street hours
-The 10am slam, market maker manipulation, and volatility compression both to upside and downside seems relentless.
-The mempool is dead - like really dead
-The influencers went from spreading the self sovereignty gospel of "being your own bank, not your keys not your coins" to now shilling ETF, Bitcoin Treasury companies, and Bitcoin Options.
-OTC is the market right now, raising concerns over rehypotheca.tion due to lack of clarity around strategic purchases/wallet addresses
To a second 2 cycle guy, this feels captured, and while I know Bitcoin doesn't care, this isn't the gradually then suddenly I expected.
Wondering how the OG's are processing this. Understand that some of them are providing the OTC liquidity and cashing out. But for those who were in the trenches early, and who fought the system that is now trying to control the Apex predator asset, how is this sitting with you?
