On Friday Bitcoin dropped 25% in one day, one of the steepest drops since March 2020. With the market sentiment now in extreme fear, is the bull market over?
The Bitcoin stock to flow model is in danger of being invalidated, $100K targets for December are off the table. There seems to be an increasing acceptance that clear bear and bull market cycles may be a thing of the past. As bitcoin matures into a mature, liquid asset, we may see diminishing returns eth faster bull and bear peaks and troughs.
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