Met some british tourists today and they brought up crypto, one of them mentioned that he woke up today and saw he was down about $25k from when he bought BTC. It's the usual shake off of crypto newbs that get in on the highs, this time around probably a lot more people and institutions as it lasted longer, was more known and had 3 ups rather than just two or so the past bull run.
I somehow believe this bear market won't last as long nor will there be a dip as the one that occurred due to the pandemic so your chart is probably right but a bit shorter timeline.
If only it was only 25K :D
Yeah, I agree - I don't see this lasting as long, as there will be less o the markets being sold (people want highs and not losses) and, there are a lot more buyers looking for a bargain. There will be people waiting for 10K, but I am pretty confident they are going to miss out by a long way.
Were the brits all red from being in the sun too much?
Guess he had bought a whole btc at the top. They weren't that bad, but sat at the bar all day so maybe that's why.
They might be seeing enough red in the markets ;D