RECAP: BILL RUN OVER?

Is Bitcoin Bull Run Over? 🤔

Today’s Nuggets

• Hot Streak Over?

• Is the Bull Run Over?

• Warnings of Overbought Conditions

• Is BlackRock, Fidelity, and Grayscale in Cahoots?

• Bitcoin Monthly RSI Looks Familiar

• Miner Revenues Hit New All-time Highs!

• MicroStrategy Rumors Swirling

• Hong Kong is Coming Soon!

• Nation State Game Theory is Coming!

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The Crypto Market Update:

• The global crypto market cap is $2.37 trillion.

• The price of Bitcoin is hovering around $64,600 and people are very frustrated.

• The Crypto Fear & Greed Index is still at 72, which is very interesting as there should be more fear than greed…

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As a reminder for those interested in Bitcoin-only content then, the playlist can be found here:
https://www.youtube.com/playlist?list=PLWTRLGkkf1kTTbIDdv-P6ykul7a8iUXYf

*Some browsers do not show their YouTube playlists, so make sure you are using the Chrome browser.

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The following comment accompanied this chart from @MikybullCrypto, "Bitcoin is not looking great here The cycle top is in I'm afraid." However, you have to understand that this is an inverted chart.

Many people have this extremely negative sentiment and sometimes, when things are the most negative in markets, that is the time to be positive!

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IBIT's 71-day inflow streak ended yesterday. 

Despite the unusually low daily volume, I still do not understand how not a single Bitcoin was bought or sold. 

How can it be break-even with all of that volume? 

This makes me very