BTC has stepped into the 8 range, and ETH has broken 3000. Is it essentially a problem on the chain? I think not.
Gold is rising, yet BTC is being liquidated, which says it all.
What is truly worth pondering nowadays is not the price, but the misalignment of rhythms.
On one side, there is market fear, and options are buying protection; on the other side, the U.S. is advancing legislative structures for the crypto market, and the stablecoin bill has already been implemented, even discussing strategic Bitcoin reserves.
Short-term sentiment and long-term direction are clearly diverging.