I think this is a very good evaluation. I have came to the same conclusions in many of the same ways.
I came to the conclusion that there won’t be an alt season this year. BTC dominance is here to stay and it will get stronger inch by inch day by day.
I agree 80% drawdowns are a thing of the past. Institutions will never let it happen. They will forever accumulate the asset.
I also agree I don’t know that we will ever see 70k BTC ever again. We may retest mid-80ks. But I have a strong level of confidence that we will never see 70k BTC again.
