Looking at wallet flows, $54k is the strongest area of BTC price discovery by long term investors since $11k.
Typically, BTC forms a strong base of price discovery 2-3x above the (prior cycle) all-time-high before launching into bull market highs.
This phase is almost complete.
CPI is a misleading measure of inflation. Volatility is a misleading measure of risk. The former distracts us from the problem, while the later distracts us from the solution. #Bitcoin