November could mark a turning point for Bitcoin:
β’ Potential U.S. regime shift, bonds under pressure
β’ 12-month Bitcoin bear market coming to an end
β’ Stocks near ATHs while gold ETF demand surges
There are weeks where decades happen. π
If we were tracking the post-bottom recovery slope of 2022-2023, Bitcoin would already be sitting at 87k right nowβthis current price action is dragging its feet.
ARE YOU SURE THE BITCOIN BOTTOM'S NOT IN, BRO?
Long-term holders just posted the largest unrealized loss in Bitcoin's history. 7.5 million BTC underwater in June, a fresh record, worse than the entire 2022 bear market ever produced.
2022 needed a 76% collapse to $16.7K to inflict that much pain. This cycle did it with BTC barely down 48%, sitting comfortably above $58K the whole time.
Somewhere out there, diamond hands filed an insurance claim over a flesh wound.
Then price turned around, ripped back to $79K, and 1.8 million of those coins climbed out of the red in eight weeks flat.
Bro, the bottom already came and left.