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Cyrus the Great

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Everything posted by Cyrus the Great

  1. Always. A lot of speculation about top being in. One on-chain analyst I follow has been tracking these things closely. He holds that 95k is the big line in sand, that it could be watch out below. Another interesting analysis going around is that we essentially seeing the "Bitcoin IPO moment" happening. Large amounts of old coins are being sold. One specific wallet worth $8B was moved and presumably sold. Basically, with the regulatory clarity now here large OG whales feel safe to actually sell large amounts of their coins. There's also the volume to eat them up. I think that makes sense and those will need to be digested before another leg up. You also have the people panic selling that think the 4 year cycle is still a thing and the top is in before an extended bear market. Personally, I think the 4 year cycles are done. We will not have to go 3+ years to get another ATH. I think the new institutional players in the market make it a new market that won't have the extreme booms and busts of the past that were driven by retail. We'll see.
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