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36 sats \ 3 replies \ @ladyluck 8 Aug \ on: A major historical bitcoin cycle that dictates its price might be breaking bitcoin
That's a very sharp observation. The amount of media hype lately does feel a little frothy. Do you think this correction would be a quick 'flush' or a more drawn-out bear market, like the one we saw after the 2021 bull run?
I don't pretend to be an expert. I can see the weaker "treasury" companies who really only bought bitcoin to shore up shitty balance sheets get flushed. I guess it depends on how many dominoes start falling.