Today something dawned on me:
We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.
Despair
Don't think so. "Apathy" is more like it, imo.
I think a lot of people are getting tired of the bullshit... and probably thinking that BTC prices should be more in line with the fundamentals.. in the $750-$850 arena.
$750 valuation based on what?
Based on the totality of the circumstances... included but not limited to payment system, storage of value, public ledger and decentralized innovative protocol that is expanding its reach globally.. and a market cap of only about 5 billion - even though much lesser important innovations have much larger market caps...