Bitcoin and crypto in general is going through the worst ever recored performance. This cycle peak was already reached after an advance of only +94% and now is only up 20% since the halving. When the price drops though the 65k the current cycle went negative for the first time in the history of Bitcoin underlining the overall weakness. Just to put it in perspective, the last cycle had a better performce at the bottom of the bear market then this cycle peak.
If it actually is breaking down to this levels is not clear, but i do not like what i am observing here. I very much question if bitcoin will even reach its ATH in the next cycle. If you all can remember we already had a very unsual event the last bear market ( breaking the ATH of the previous 2018 cycle top at $20k) to the downside and now maybe printing the first ever negativ cycle overall.
I am in crypto as long as the age of this account and a little bit more then that. I hope now that all know that buy and hold for altcoins does not work, what if it will be the same for Bitcoin as well. I know why i bought back then and that still holds me in the market. It now only appears that I for the first time question my decision from a finaincal standpoint and I for sure cant be the only one starting to question all of this. It started as a movement and is now nothing more then a casino to milk money. We completly lost every positiv narrativ. ETFs and wallstreet money are a reality and the hard money/save heaven fantasies faded completley in 2025.
If you put aside all your fancy phrases and bullish base. How do you guys see this?
Look it up at: glassnode bitcoin-price-performance-since-halving
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