It’s not merely short-term Bitcoin price volatility. Rather, in periods of significant trend volatility, similar patterns repeat. The market deliberately prolongs movement to stimulate crowd psychology, swinging from one extreme to the other until judgment becomes clouded. We saw this in January and at last year’s peak. The moment investors become convinced of a direction, the market moves to shatter that conviction. Post-ETF, with more information available, market manipulation has become even more sophisticated and brutal. My view remains unchanged: We are simply in the midst of one of these extreme processes.(mignolet)