The "shallow bear = lower returns" narrative is backwards logic
If $BTC only dropped to ~$15k instead of sub-$10k, that's not weakness—that's demand strength. Higher lows = stronger base
On-chain data shows similar rotation patterns to past cycles, but with a crucial difference: the floor held MUCH higher
So why would stronger demand + higher floor = capped upside? Makes zero sense
An asset that drops less IS objectively stronger. Stronger assets go higher, not lower
The bear case here is pure cope from people who missed the bottom
If $BTC only dropped to ~$15k instead of sub-$10k, that's not weakness—that's demand strength. Higher lows = stronger base
On-chain data shows similar rotation patterns to past cycles, but with a crucial difference: the floor held MUCH higher
So why would stronger demand + higher floor = capped upside? Makes zero sense
An asset that drops less IS objectively stronger. Stronger assets go higher, not lower
The bear case here is pure cope from people who missed the bottom