Here’s what I think happens next for BTC, and the reasoning behind it. BTC moves on expectations. Right now there’s basically no bullish expectation premium, but there’s a ton of bearish ones priced in: - “MSTR will be liquidated soon (which is not true) - “Recession / risk-off shock at any moment” (btc is actually hedge asset for that, but price drives the narrative, not the other way around) - “ETF flows slow down or flip negative” - “Alt liquidity never comes back, ppl don’t have money after 10/10” - “thesis is Every rally is exit liquidity - sell the bounce” The top is when there’s nothing left to buy the story. The bottom is when there’s nothing left to sell it. Most likely the new Federal Reserve Chair will be the moment the stories run out.(𝗰𝘆𝗰𝗹𝗼𝗽)