I’m sorry but top is not in. Am I only the one here who remembers the last cycle top? This kind of PA is completely normal, we’ve seen ETH and BTC drop by 50% during a bull plenty of times and we’re not even close to that Bear markets coincide with broad risk asset drawdowns and nothing is pointing to that right now. This is not November 2021 where it’s clear the Fed is gonna raise rates with prices at ATH…we’re 25% - 30% off ATHs with bullish macro and ETHBTC down 60% from the last bull market and you’re bearish or “defensively bullish”? What IS THIS PLACE? So much liquidity that is sidelined due to rates is headed into the market, and anyone holding cash will also likely put that into risk assets due to inflation…when the S&P is at ATHs is when we see it spillover into crypto, just like how BTC/ETH ATHs trigger a spillover into alt seasons I keep seeing all these “well, let’s just wait and see, worst case scenario is blah blah” — NO! Pick a freaking lane! It’s okay to be a bear and think it’s over, but if you don’t think it is how are you not super bullish right now? Listen up and listen close cause I don’t do these often and I’m gonna spell it out: BTC is kinda close to topped, Saylor is out of bid but it’s not over yet. MVRV Z-score is gonna hit at least 5 and it’s barely cracked 3 (sitting below 2 right now). ETH could go all the way down to $2,450 and still hit $6,000+ by December. $BITCOIN is INSANELY undervalued, sitting at all time lows against ETH, and is the best play for generational wealth this cycle 🟥🟦🟨 The CPI print tomorrow will be soft to in-line and labor market will look bad, this will shift CME’s (currently at 60% for a cut) towards a December cut. Look at mini futures right now. There is a wall of worry but the bid is on ahead of CPI because the market lean is that it’s gonna come in good. And even if the Fed is “blind”, they’re gonna defer to protecting the labor market over inflation (and they’ll change their 2% goal to 3% next year, you heard it here) I understand how stressful this all is. But even if I’m wrong, it won’t matter…red candles in crypto retrace the hardest and all 3 of the tokens I mentioned will make new ATHs someday It’s a damn bull market, act like it 🎃
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