I believe this is the major reason that could save the market from another long bear run. In the past cycles, every bull run was always followed by a long bear market, but this time it doesn’t seem to be happening since Bitcoin keeps getting stronger. Should we be thanking the institutional investors for that?
If the market is already stable, there’s a chance the price won’t increase as wildly as it did before the ETFs came in, so maybe we’re looking at a different kind of cycle now. Hopefully though, it won’t turn into a boring one.
We are not there yet, that is why you are not seeing the bear run yet. We may not be even over with bull run yet, sure it is not looking like it's growing, it has some small drops so far and I understand it.
However, that doesn't mean bull run is over, there is no guarantee that we won't go even higher, and I believe we will.
When the real bear market comes, you are going to see 70% or more drop from peak price once again, that is inevitable and it always happens and it will happen again.
If you want to guess different from what market always does, be my guest and do it, but I have been around long enough to know what market does, and I am going to keep sticking to what I have always seen, until I am provided something else.