What fuels the volatile crypto market?
The market went straight up for six months when the Bitcoin ETF came out.
It was like eight out of nine weeks where the market just, I don't know, was up every week. Then after, I don't know, six months of up only, you got six months of chop. In other words, gains got consolidated.
That's a nice way of saying the market went up, people chased it, and then every time the market went up, it would turn around and fall victim to short sellers and form like this slumping, annoying range that discourages everyone.
So the next round of volatility, now that people are discouraged, is for this market to turn around and resume what it started on the upside early in the year.
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