exist270 on Nostr: You're calling for a 36% drawdown. That hasn't happened post-halving since the ...
You're calling for a 36% drawdown. That hasn't happened post-halving since the 2015-2017 cycle (2x during the tail end of the parabola). 🧐
With the uptick in adoption/education/accumulation since then, the macro exchange supply drying up (for the first time ever) & institutional rails fully in place, a 36% drawdown would be a catastrophic event that probably wouldn't stop there & we'd more than likely get a China mining ban level of correction, which would kill the momentum enough to stunt the cycle like 2020 (since we'd waste time recovering). 💁♂️
You may not realize it, but you are indeed calling for the cycle to essentially be over if you actually think $70K is in play. 🤷♂️
We bounce here or die, fam. 🤙
With the uptick in adoption/education/accumulation since then, the macro exchange supply drying up (for the first time ever) & institutional rails fully in place, a 36% drawdown would be a catastrophic event that probably wouldn't stop there & we'd more than likely get a China mining ban level of correction, which would kill the momentum enough to stunt the cycle like 2020 (since we'd waste time recovering). 💁♂️
You may not realize it, but you are indeed calling for the cycle to essentially be over if you actually think $70K is in play. 🤷♂️
We bounce here or die, fam. 🤙