1. International trade in bitcoin by a sovereign state (Russia first mover) | Check
2. Countries moving towards legalizing Bitcoin mining through policies initiating the hash wars | Check
3. Central banks starting to get dovish slowing rate hikes | Check
4. NFT circus gone quiet | Check
5. BTC balances falling on exchanges for the first bear cycle in BTC history | Check
6. Retail still correlating Bitcoin to follow the SPX | Check
7. DXY starting the decline as the US economy slows but remains stable | Check
8. Institutions and large banks starting to open trading portals for high net worth clients | Check
This next cycle will be either the final or second last cycle of the Bitcoin adoption phase just like the internet adoption that went in waves.
Shorting Bitcoin today is like shorting the internet is 2002, good luck.
Comment:
CM Should turn green soon, hopefully the colourful emojis helped some people.