BTC was carried by saylor (again) and passive flows driven by the insane stock recovery.


The lack of follow through from BTC is bad and the weakness today comes from those same passive flows selling in fear of a local top in stocks.
Stocks had the second strongest 18-day rally in history and that wasn't enough for Bitcoin to have its first god candle in a while.
I can't help but notice how this is more proof that the 10/10 crash caused damage that can not be repaired in a few months.
The other issue is the AI trade. It is far more appealing.
For most people here there's no point in trying to play the game of bidding a sideways market while phonotics, semi, ai bottleneck stocks pump 10% a day for weeks.
With that being said, I think there's no point in spending much time on BTC right now unless you're in the buy-and-hold camp like me.
I bought more BTC today and sent it to the Ledger, if it's not materially higher than it is now then we're cooked.
BTC-1.28%
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