The only thing I'm uncomfortable about is the last bit of this truth. Yes bears are in disbelief because they were forced to liquidate but Bitcoin indeed is in a pump. Smells like a good old fashioned pump. I think big ATH coming, but does not look like a nice rise that I prefer.
Low volume on Binance and on Kraken.
US money is expected to get rate cut.
And companies all doing switch to 'crypto treasuries' but not BTC, rather SOL and ETH.
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When was the last time we saw something like this? 2021? I don't think we have ever experienced sustained consecutive ATHs since then.
Yes! I can say what happened in 2021 is similar to what is happening now. The consecutive ATHs happened out of the structural imbalance between demand and supply, in 2021 it started when paper bitcoin was the talk of the town, and now we are seeing massive demand and supply.
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Not just that, 1st ATH to current ATH is > 1 year!