Correct me if I am wrong but I think the same thing is playing out like the post 2021 bull market.
After those crazy returns, after BTC touched 69k the market dipped many said it's just a healthy correction,. BTC recovered a bit and then fell again and never broke the previous high and then it fell more and more.
We are seeing a slight pump only to dump again.
I know the rate cut and all sorts of liquidity injections but I feel it's gonna be a slow bleed for quite some time! $BTC $ETH
ETH
2,353.31
+2.28%
BTCUSDT
Perp
78,900.7
+1.77%