The market has always been a storytelling event; a bull market has its script, and a bear market has its ballad.
When the market is good, the story is all about buy, buy, buy. There are rumors of MicroStrategy hoarding coins again, inflows into the BlackRock ETF, the Tether printing machine is running again, and even the coins confiscated by the U.S. government are hidden holdings. The narrative at this time is that institutions have unlimited firepower, and no matter how high the price goes, there are buyers ready to step in.
When the market cools down, the story changes immediately; ETFs start to see net outflows, MicroStrategy is rumored to be selling coins at a loss, and all holders turn into potential selling pressure. The narrative at this point becomes about cutting losses regardless of cost, and no matter how much the price drops, there are sellers ready to strike.
How to operate sounds almost like me, a little retail investor, right?🤣
