Bitcoin Market Status (Patreon)

Bearish sentiment in the Bitcoin market is running extremely high as short positions continue to build.

This time of year often brings volatility, and last week’s sharp sell-off has made retail traders increasingly nervous or lose faith altogether.

Meanwhile, gold has surged to record levels, with the performance gap between gold and Bitcoin widening by roughly 20% over the past week.

The outlook remains uncertain, but there are positive signs — rate cuts are on the horizon, liquidity is returning, and institutional inflows remain steady. Rem the DEBASEMENT Trade?

On the downside, retail investors appear to have lost confidence, though Bitcoin has long since moved beyond being a retail-driven asset. Could BTC fall under $100K - answer is yes, Bitcoin briefly came within $3,000 of the $100,000 mark last night.

Re cycles, one thing is certain, this time is different. But if it is not, it’s been 1,063 days since Bitcoin hit its last big bottom, which could mean this bull run is almost at the end of its usual cycle.

ALL MODELS ARE BROKEN

If Bitcoin does not rise, it means there is no correlation with Global M2 or the ability to follow gold when it reaches new ATHs... and Q4 Uptober and Moonvember are in the dustbin of history.