To me, it's evident that BTC is finally starting its reversal. Some people feel like the current correction or crash will need to consolidate months just like in the summer, though there's one thing that's keeping me from saying that too.
In the summer, we had hundreds of thousands of BTC flow into exchanges, retail capitulation. This time, we don't have that, rather we have exchange outflows massively, showing a lot of conviction in buying this dip rather than a loss of conviction like the summer.
In the summer, we had hundreds of thousands of BTC flow into exchanges, retail capitulation. This time, we don't have that, rather we have exchange outflows massively, showing a lot of conviction in buying this dip rather than a loss of conviction like the summer.