No. Hasn't started, isn't (won't?) going anywhere.
If anything, it's truly sad to see the discrepancy between so much good news, and so bad market/price performance.
WTH is wrong, what did we miss?
From a data-driven perspective, Bitcoin looks increasingly well-positioned for a sustained continuation of its bull cycle. On-chain metrics paint a compelling picture of resilience for the Bitcoin bull market.
Market prices are truth, and what they're saying (#908702) is making me scratch my head until whatever hair I have left falls off.
Crosby walks us through a bunch of really positive on-chained data, but alas price doesn't care.
- maybe things aren't as good as they seem
- maybe someone is holding down the price (= the long-standing gold-bug conspiracy theory)
- maybe my (macro) model of this -- money printing, hard assets, censorship resistance, freedom money -- is just incorrect or fatally incomplete in some sense.
I dunno, how are you guys making sense of all of this?
