To me the obvious market event that needs to happen here before price goes anywhere again, is for shitcoins to die. Now is the moment.

It’s the natural thing that needs to play out to truly cleanse things, as it all got utterly absurd in 2020 and beyond.

At several moments the last few months I went back to the Bitcoin chart wondering “is this dump over”, then went back to shitcoins still in the billions and realised “nah”. A few hundred billion $ in shitcoin value destruction still to go. LFG