Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.
i'm not satoshi, but I was early in laser focus on the positive societal implications of cryptography, online privacy and electronic cash, hence my ~1992 onwards active interest in applied research on ecash, privacy tech on cypherpunks list which led to hashcash and other ideas.
Everyone is talking about this $BTC cycle, but you need to understand that that cycle now is over.
Now starts new Bitcoin cycle.
Uptrend line is broken.. now is cycle for downtrend.
We are in bear now.
From the experience of 3 bull runs, Bitcoin will fall below $60k.
Why?
$BTC price action currently shows weakness. It reached $92k too easily, without any decent bounces.
The market is not ready to buy Bitcoin at $92k — they want it cheaper.