OK can someone explain to me what is actually happening right now because nothing makes sense anymore
btc dropped 50% from $126K. there’s a literal war happening. oil crossed $100. fed refused to cut rates. fear index hit 11. every headline is screaming doom
and somehow btc is sitting at $70K like nothing happened. bouncing off $68K like it has a trampoline there. refusing to die no matter how many bombs drop or how many times trump tweets at 2am
i’ve been in crypto since 2022 and this is the weirdest price action i’ve ever seen. the market should be at $40K based on everything happening in the world right now. but its not. and nobody can explain why
is it the ETFs absorbing all the selling? is it saylor buying a billion dollars every week like a maniac? is it the FTX $2.2 billion payout about to flood back in? or have we all just become completely numb to chaos at this point
because i’m looking at the same chart as everyone else and i genuinely cannot tell if this is the strongest btc has ever been or if we’re all just standing on a trapdoor waiting for it to open
something is different this cycle and i can’t figure out if that’s a good thing or a terrifying thing
what do you think is actually holding this market up? genuinely asking because i don’t have the answer