It literally never changes.

Late longs getting flushed hard here.
As this price action develops, it's looking more and more like we had our first level of FOMO push on that leg up to $87k.
This is how it tends to happen.
At the lows, everyone is bearish, hardly any people buy or go long.
Then, price moves up for weeks, whilst everyone stays bearish, expecting it to just get dumped again.
But Bitcoin doesn't drop.
Then, eventually, Bitcoin takes out every line of bear defence, and breaks higher....
Catching them all totally off guard.
Bitcoin is then already 45% off of the bottom, sideliners panic and fomo in.
Adding fuel to the fire are the staunch bears admitting their wrong, further pushing their followers to panic.
As this happens, people chase, ape/long the pumps...
Afriad they're gonna miss more.
And then, with a cruel sense of poetic justice, they get rekt for a second time after missing the bottom, by getting dumped on...
For buying late.
After they got dumped on, they panic sell...
"The bottom must actually not be in"...
Only for the price to rally again after they sell.
This carries on for a while.
It is a plight of an emotional investor that gets bearish at the lows and bullish at the highs.
And it literally never changes.