I just need to look at this chart to understand we are at a really dangerous point. Fiat bid sum is returning to prebubble levels, while bitcoin supply is quite higher. And it is quite scary while we are approaching to an important key level like $275.
Miners and merchants are drying the exchanges, current prices are not sustainable for a long time. Fiat entries needs to be improved, plus a massive pump event to break all the resistances to bring price to ATH where it can rally again. ETF probably will do this work, but there could be delays until it is up, you know how this things works.
Until that, IMO, bitcoin will keep slowly bleeding, with its ups and downs.

Miners and merchants are drying the exchanges, current prices are not sustainable for a long time. Fiat entries needs to be improved, plus a massive pump event to break all the resistances to bring price to ATH where it can rally again. ETF probably will do this work, but there could be delays until it is up, you know how this things works.
Until that, IMO, bitcoin will keep slowly bleeding, with its ups and downs.

In bitcoinland nothing is what it seems, and more of the times it ends at the very opposite of the majority´s expectations.
People are depositing too much faith in the ETF.
If we depend on the Winkilevos to succeed that means that we are fucked.