Nick explains we are far from the market euphoria from January 2018. We just shred off 1 or 2 weeks price gains. We are still in a bull market.
Bitcoin dropped 23% in 24 hours. A lot of people think it’s a bear market but it’s interesting to see how Bitcoin holds the $45k area. The drops are common in the market.
Around a third of the market is in alt coins right now. Compared to the 65% from early 2018, the retail fomo is not here yet. Nick thinks we have a lot of room until May 2021.
And right now it’s not the bigger institutions or ‘Micro Strategy’s’who are selling, there are other forces behind this dump. An interesting deep dive about market manipulation is starting at the 15:00 time point.