Bitcoin Dumps – Is the Bull Market Over?
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 for now?
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Why you should listen:
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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