If Bitcoin is the canary in the coal mine and it’s just telling us the truth (that shit is fucked and will manifest soon) then it would also plunge further down in a crisis like everything else, not stay flat at this level. So show me some evidence of rehypothecation for your beach ball theory then.
The uncomfortable truth is probably simple: investors don’t like Bitcoin as much as they did 3 months ago so they sold it.
Exactly
Its that simple, btc price is more boring now, no crazy moves anymore
Everyone buys at the price they deserve. Everyone will own Bitcoin, they just don’t know when.
“ … [ETF] investors don’t like Bitcoin as much as they did 3 months ago so they sold it.”
ETF investors likely contributed significantly to non-custody pump and subsequent non-custody dump. Self-custody newbies panicky. Price is good, all good, stay humble, stack sats, relax and enjoy clown show. 🤡
Oh, they likely bought high and sold low. 😋
There will come a time when censorship resistant money will be appealing to a larger group of people than the current set of bitcoiners. Sadly that time is not right now, too many people still have faith in the system. I get the feeling that will change in the near future (~2-5 years). One more presidential election cycle should do the trick, lots of converging chaos with all the geopolitics, demographics, AI, and govt fraud.
I’ll be happier when investors go away and savers dominate.
Bitcoin is doing great. Looking at moving averages its on a nonstop rampage of buying more real stuff over time.
The reason everyone in bitcoin is so demoralized is because they had big expectations that were unfounded and because gold crushed Bitcoin in 2025. All the stupid shit influencers say is cope. Imo best not to even listen.
Gold’s run wont last forever. And Bitcoin’s doldrum phase won’t either.
This is a good point. When Russia attacked Ukraine, bitcoin dumped while gold pumped. Seeing gold pump made me think that maybe something bad is going to happen. But nothing has happened and bitcoin isn't doing anything right now. Gold and silver might just be the hot thing right now in a high time preference world.
they dnot give shit about anycoin or bitcoin - all they want vehicle to make more fiat
