Bitcoin has been falling for several weeks in a row, and the downturn has now spread into the weekend—a pattern that hasn’t been very common historically.

Nothing particularly interesting.

At its core, this is still a leveraged shakeout. There isn’t much difference between shaking out positions on the way up and on the way down. Market volatility is always symmetrical; it’s just that bulls and bears take turns paying the price.

If things go well next Tuesday, there’ll probably be a chance to recover some ground afterward.

But I actually think this may be the last decent rally before the next long period of calm.

Up we go, then back down.

After that, the market may enter a long stretch of low expectations, low activity, and low volatility.

I don’t expect the market to hit an absolute bottom this year, nor do I expect a bull market. So, aside from spot, I’ve paid little attention to the crypto market over the past month or so.

By the way, the whole financial market must have been caught off guard by Jensen Huang’s sudden resignation after just two weeks. I don’t think the U.S. capital markets can accept it, which is why both parties started keeping quiet and blaming each other after he resigned of his own accord…

$BTC $ETH #btc #eth