OTOH BTC is undervalued right now so cash may not be inflating a bubble, just inflating a ball to the right pressure.
This is my belief.
MARKET DEPTH UPDATE: Unchanged. While the battle continues over 87 and 88 neither side shows any sign of exhaustion. Bulls still have the monetary advantage.
Just yesterday I've seen a bunch of canceled buy orders transformed into market orders. If this trend continues we will see drying up support pretty soon, right now people can still compensate by canceling sell orders so the overall order list looks the same.
Either way that are definitely the first signs of exhaustion.
anecdotal evidence + ambiguous time frame + assumption based on anecdotal evidence = crash!