Why did Bitcoin Crash... Some are arguing the "TOP IS IN!" Nonsense; Here's why:

The pullback just experienced in Bitcoin & Crypto markets did not happen in a vacuum. Global markets collective had a major shakeout this week. Furthermore, key data signals that would outline a cycle top are not yet flashing.

The BTC & crypto markets are still tied to the risk-asset narrative and regularly can be seen to be the first to react to speculative uncertainty in markets. Why is this?

Bitcoin is a 24/7 liquid market and thus is not bound by the confining & now arbitrary limits of a 9-5 trading day.

Considering the global liquidity just pushed up into new all-time highs, one must wonder what is underlying this broader global market drop. Is the BULL over? Or is this a pit stop along the road higher?

Some will point to the Japanese yen carry trade unwinding & others will suggest a major correction is long overdue. We already see the BOJ capitulate which is reflected in the recent TradFi market rebound. However, markets are also deciphering a confounding mix global conflict escalations, an election year, a forecast of an impending interest rate cuts, and exponential increase in demand for Bitcoin.

The point is, the markets have resiliently pushed to new highs in the past 24 months, and a drawdown to test support was due. I believe this was just that, not a sign that a larger crash is looming in the near term.

Considering Bitcoin: The fundamental developments over the past 12 months have only strengthened the "bullish" case forward

• Bitcoin Spot ETFs launched, with IBIT and FBTC both breaking records for any asset EVER to see $10Billion EACH in only a matter of weeks. (Previous record took nearly 3 years)

• Bitcoin a focus of discussion in all levels of government

• The demand for bitcoin in July showed ETFs purchasing over 51,104 Bitcoin with only 13,950 Bitcoin being produced.

In any investment thesis, the concern is what is the demand vs. supply ratio, and how can we capitalize on how that impacts price.

The answer here is this:
Bitcoin is arguably the most a-symmetric REWARD/risk opportunity of a generation. It is outpacing the rate of adoption the internet saw in the 1990s, new capital channels to Bitcoin are being unlocked, adoption is exploding bringing in higher demand, while recent clarity in regulations has only increased integrations by individual, corporate bodies, & government investment strategies.

This pullback was not a crash by any measure. This is among the last opportunities we will ever see for Bitcoin at these price levels.