This is more than M2 global liquidity blunting a bull market. This is the “then they fight you” stage, they’re doing it behind the scenes as to not draw attention to bitcoin the asset, and most bitcoiners seem oblivious or don’t care. Honey badgers?

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Stack through. Breakout inevitable.

If you want to look at signal, look at avg. mining cost to price ratio. The ratio now is near the bear market bottom.