I mean who knows. Maybe all this time we have been in a bear market? And the bull phase maybe hasn’t even started yet 🤷♂️
The sell pressure has been insane tbh not what I expected
Discussion
My blind guesses are a combination of larger market cap, paper bitcoin/mnav > 1.0, traders getting chopped trying to long the bull assuming cycles align, and lack of buzz are dampening things a bit, despite all the huge positive developments.
Oh, and the sell pressure too, which you're right, is rather shocking when you consider it hasn't even been that volatile.
Oh well shrug