Quote from: Srubek on May 25, 2024, 08:45:08 AM

Quote from: darkangel11 on May 23, 2024, 08:06:09 PM

Quote from: Srubek on May 18, 2024, 01:51:32 PM

In the current market, I’m convinced the uptrend is mainly due to the ETFs buying BTC (https://farside.co.uk/?p=1321). But I’m curious, what metrics do you all use to figure this out?

So according to you it's all ETFs and the halving has nothing to do with it?
IMO halving defines the cycles of bitcoin and the first time that happened people were surely surprised, but then it happened again and again and again and every time the price reacted positively to each and every halving. I'm sure that by now people have figured it out.

Halving for sure plays a role, I just feel this time its different and retail (us) is not in. I see more institutional investors in than ever.

There's always people like you in every cycle who come in saying "this time is different".
I remember in 2013 people were saying that since Gox went bankrupt and that was the biggest exchange in the world it's going to be a different bear market. That this time it's really over for bitcoin.
Then came 2017 and we had ICOs and people went full retard on altcoins, calling it an altcoin cycle and saying that since bitcoin went 20x from the last ATH this time it's different, the world is going all in and we'll see $30k and it all went crashing down.
Then in 2020 people were saying that this time is different because of the pandemic and the bull market is cancelled because bitcoin went up to 14k and crashed down to 4k.
Then came 2021 and that time it was really different but in the other direction as it was expected for bitcoin to go at least 5x to 100k, but all it did was 3.5x...
So, I guess this time is going to be different again because bitcoin has never went past the last ATH just to stop immediately and start going sideways for months.
Each time is different but also the same.