Looking purely at the daily ASR channel of BTC, it actually looks exactly the same as the market in early May 2022! Do you know what major events were happening in the crypto world when the four-year bear market reached this stage? Answer: LUNA collapse. So I always feel that something big is happening behind the scenes in the crypto world that retail investors and the media don't know about, but whales and institutions have just finished selling. Paper can't hold fire forever; something will come out eventually—who could it be?
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Looking purely at the daily ASR channel of BTC, it actually looks exactly the same as the market in early May 2022! Do you know what major events were happening in the crypto world when the four-year bear market reached this stage? Answer: LUNA collapse. So I always feel that something big is happening behind the scenes in the crypto world that retail investors and the media don't know about, but whales and institutions have just finished selling. Paper can't hold fire forever; something will come out eventually—who could it be?