we had an all time high last month how could we be in a bear since 2024? last cycle everyone said cycles were getting longer, but now everyone is sure the bull is dead or never existed because of a thirty-whatever percent drop. maybe we enter a real bear here or maybe we pump to $150k within the next few month no one knows.

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Fiat is an unreliable measure we peaked in Dec 2024 when measured in gold which is a more reliable measure of value over time.

agreed gold is a better measure on average but IMO gold pumping 50% in one year is an anomaly and not exactly something that can be used as a reasonable baseline

We barely exceeded 2021 peak.