I think the crypto market is in a local bottom status.
Because less than 1m BTC(Bitcoin) holder ratio is around this cycle's ATL(All Time Low). It seems that retail investors are afraid of the market due to recent issues such as Bybit hack, Trump's tarrifs, etc.
As I previously told you, I still believe there will be more than one wave left. But, I don't know when they will come. I just wish the market is full of hopeium before this summer.
The vibe looks like 2019. It looks like that the Fed is hesitating to cut the Federal Funds Rate. Are we about to the next recession next year? 🤔
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