I have to emphasize that although that is absolutely possible, we are in a different place in the overall market cycle than we were on the dumps to $1800, $2900, and $5500 on the way up to the $19,000 all-time high.
We have been amidst heavy selling pressure for approaching 60 days and have dumped from $20,000 to $5,800
This is the second longest correction in BTC's history and the second biggest in magnitude.
People have developed very bad habits and a very smug sense of self-satisfaction amidst the perpetual bull run.
Longs at an all-time high. People have confused this situation with previous dumps on the bull run. Even long-term and very strong traders are confusing this situation.
