After all of these impressive rallies to new #Bitcoin ATHs, it’s become obvious that the sidelines are hurting for a correction, but will they get it, a perfect entry before we continue upwards, and have they reached max pain?
No, no, and NO.
The ETFs are picking up pace, what was $400M in inflows on average a day for the month of February is now $710M in inflows on average a day for the past 2 weeks/10 trading days.
Although the markets seem to be getting greedy, I think it’s worth keeping in mind that it’s old greed/smart money greed…hype has only built for those who have been paying attention. Those who are fomoing right now likely stacked through the bear, but are realizing they didn’t stack hard enough…just wait until the people who didn’t stack at all start to fomo in/back in.
The people who are selling at $70k will run out, but the people who live on a #Bitcoin standard will stay. This is quite alright with me.
Over time this naturally self cleansing network will become immune to FUD. With BlackRock behind it as an immunity booster, FUD against #BTC has drastically decreased, and the FUD that remains is rightfully mocked and tormented, even by the likes of mainstream public figures.
I don’t care about a dip. I see it as opportunity to stack sats on sale from people who need the fiat, likely for medical bills to tend to their paper hands.
I WANT a dip and this is why I don’t think it will come. Face melting rallies are max pain for Bitcoiners who are still stacking.
Retail has kept #Bitcoin at all time highs all weekend. Institutions are gonna come back Monday and feel like they need to play catchup. Institutions are still only a fraction as convicted or bullish on #BTC as we individuals. The front running won’t stop until everyone is fully allocated.
#Bitcoin has succeeded in my mind. I’m a buyer of last resort if that time comes, I have been for a while, but that only goes so far. Now 11 of the biggest asset managers in the world are also buyers of last resort, as well as everyone who follows in their footsteps.
This growth has been extraordinary to watch unfold in real time, but in the bigger picture things are JUST STARTING. The starting lap has just begun.
Just to put things into perspective #Bitcoin is: closer to 70k than 60k,
closer to 80k than 50k, and closer to 100k than 35k.
Bears are calling for a pullback to $64k…they have lost their ambitions, but are still too ambitious, we already had our pullback, don’t count on second chances.
$74.5k is more likely in the near future than $64k in my humble opinion.
I’m still convinced what we are seeing now isn’t extreme optimism or euphoria, especially when compared to what will be coming through the pipes into #Bitcoin over this next cycle.
The market is looking more bullish than the last time we were at these levels. While many might look at this and say a correction is due, I believe a continuation is more likely. 
