Most people think bull markets end when prices stop rising.

I think they end when conviction disappears.
Right now, Bitcoin's price has been volatile, but one thing stands out: a large share of holders are still sitting on unrealized gains instead of rushing to exit.
That tells me this isn't panic-driven behavior. It's a market trying to decide its next direction.
The biggest moves often come after long periods where everyone loses interest and price goes nowhere.
If long-term holders keep showing confidence, the broader structure remains constructive. Until that changes, reacting to every red candle may be more expensive than simply staying disciplined.
The market rewards patience far more often than impulsive decisions.
Are you accumulating, holding, or waiting for confirmation? 👇
$BTC ‌
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