I'm wondering what would they call "bottom" this time? I recall when BTC was staying above $9k, not so long ago, some "experts" were saying that $7.700 was a new bottom. But instead of bouncing up from $7.7k BTC plummeted to $5k from there. Or, am I missing something, and we are in totally different situation currently, when Bitcoin can only go up from the "bottom"?
Yeah I remember that too. Flags were lined up in the streets, we had months of low volatility and people were ready to say: this is it.
Then of course, we also have some of those calling even 2k and lower as potential bottoms now, but calling lower lows after Bitcoin just took a smashing isn't exactly prophetic now, is it?
Anyway. Interesting if stablecoins really are all backed by US dollars, what's to happen if they're all redeemed? Do we know there are audits on all these? And futures have no interest? Say whaaaat? I get if the bulls aren't interested but don't people be all lining up to short BTC now?