Bitcoin declared dead? I don't think so, but on the contrary bitcoin has grown much stronger year after year regardless of its price in the market. The bears are showing no signs that bitcoin is going to die out, it's only natural when people want to take profits but maybe institutional investors are actually experiencing the downside effect.
I think micro investors are getting stronger, the community is getting wider, people are starting to think about staying in the long term, asset accumulation and that is the most basic support for the statement about bitcoin being declared dead time and time again. The market hasn't given up yet and we can see how it grows better after the bitcoin price fell for a while at post-ATH lows.
Investors getting stronger? Bruh, 3AC just got bankrupt, luna dropped bombs on us, tesla sold 75% of its bitcoin holdings recently, what else? They are not getting stronger, they are getting greedy and paying for their greed.. We are now just a puppet of the US markets.
I think he means that with big whales cashing out and the amount of big accounts decreasing, the coins are getting distributed wider. This brings stability.
Tesla cashing out means 1 whale less and more shrimps investing...