Quote from: John999 on Today at 04:47:03 PM

Are you sure it's smart money?

“B-waves are phonies. They are sucker plays, bull traps, speculators’ paradise, orgies of odd-lotter mentality or expressions of dumb institutional complacency"

Just a possibility...

Maybe, but I wouldn't bet on it. This looks impulsive to me.

I also think Bitcoin's underlying supply dynamics make the Wave B bull trap unlikely. Too many coins are transparently being accumulated by institutions and services like Square, and on-chain metrics show old coins are being distributed.
https://insights.glassnode.com/long-term-holders-selling-btc-bullish-signal/

The context is extremely bullish.