Basically that. The only ever time I have actually thought and considered the market to be in a bubble state, was back in 2013 when we went up so hard, and that without any logical justification of actual growth, progress, etc. In current times there has been so much development, progress, growth, adoption in all sorts of countries, that there is no such a thing as a bubble. Instead, I am using the term overbought instead of bubble. At the time we nearly reached the $20,000 level, the market was heavily overbought, with just one reason, and that were the future markets. On top of that, we were also close to a very important psychological level, which helped damping down Bitcoin at that point.