that drop was one hour after the latest billion tethers
the new narrative is apparently that the pump is in 90 days when financial advisors are finally ready to push bitcoin ETFs on their customers (for some reason)
ETFs put bitcoin on steroids!! y’know, asthmatic with shrunken balls
the bitcoin market is fake and in tethers, but the retail securities market is real and in dollars
my brother in Satoshi, you are the exit liquidity
Last time I checked, which is a while back the institutional investors are putting less and less money into the whole cryptocurrency ecosystem. Of course bitcoin != the wider ecosystem, and people are prob into bitcoin for the whole value thing and nothing more, but it is a bad sign. The wider cypherpunk dream is dead I’d say.