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So here is a little bit of framework thinking on bitcoin:native Is the bottom in? Maybe. A great sign of course is one of the most reliable signs of all time. That it stops reacting to negative news. We aren't quite there yet. The downside imo is prob 48k ish. So, nothing real crazy for spot people at this point. The other aspect to consider is this entire time, its trended down. So we've really yet to see any basing, time capitulation, or accumulation period, or real ranging. We typically see that in crypto for a decent length of time where volatility dies off and we trade in some 2% range that makes everyone want to neck. The same can be said for the majority of the market. For alts. You have to keep in mind it's the first cycle that alt coin market didnt make a new all time high. and you also need to keep in mind that the returns you use to see in alts, are now in stocks. 10, 20-50x etc returns. It is a fact, that each cycle has diminished returns in crypto. And this will be a later more detailed post. Which is the same one that i made at the end of the last cycle. You kind of have to ask, how will alts steal the flows from tradfi, ai, energy, robotics, medical. bc thats what they have to do. And a tall order. They have to fight something real, and tangible. Will that happen? idk, and if it did, what would the scale of it be? But we are getting to a point where most things are likely within 20% of a bottom. broadly speaking.

Pentosh1 ↗