We are sitting up near ATHs for #Bitcoin and the bull run has seemingly yet to start. There hasn’t been as much fresh capital from newcomers as one would have anticipated or presumed due to the ETF flows.

What we have seen so far has been by Bitcoiners for Bitcoiners (of varying degrees).

Even with the whale selloff of $1B worth of #BTC in the past two weeks I’m still bullish. So what the market has cold feet and wants to wait and see? That could indicate that we are in for a significant move once clearer signals emerge. Cheaper sats or melting faces?

Selling #Bitcoin for dollars is an act of short time preference. Doesn’t matter who you are or why you think your reason is: you think the grass is greener where you aren’t…and you’d be correct but for different reasons than you suspect. You are chasing immediate returns and overlooking the potential for your own grass. Nurture your own lawn! Doesn’t matter if you move to where the grass is greener if you can’t see the big picture!

Is this the new norm or is it the calm before the storm?