Every time Bitcoin hits a new high, the crowd celebrates, but veterans know that's often the signal to start taking profits.
Too many traders I know bought the last peak out of FOMO, only to watch their portfolio bleed for months while they froze, unable to sell. The fear of missing the next pump keeps them holding bags they should have lightened.
I've traded through three Bitcoin cycles now. In 2017, $BTC hit 20k and the greed was identical to today. People were leveraging into every alt that moved. Then came the 80 percent crash. Same pattern played out in 2021 at 69k.
Look at the Fear and Greed index sitting at 80. That's not hope. That's the same euphoria that preceded the last two major tops. Smart money starts distributing into $USDT while retail chases $AVAX breakouts.
The lesson from past cycles is simple. Bitcoin hitting these levels doesn't mean the bull is over, but it does mean the easy money phase is ending. Position sizing and taking partial profits is what separates survivors from the wreckage.
Where do you think this run goes from here before the next real correction?
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