A short excerpt from a YouTube video (creator: Kosta Ouzas) discussing Bitcoin price behavior around an ETF-driven rally and subsequent correction. The speaker argues the ETF pushed price above a power-law 'core' level, leading to a correction and a two-year period where Bitcoin remained close to the core power law; the recent correction acted like a reset compared with the prior cycle.
The etf, push the price too fast, too quickly up and we arrive above a power low. Then we had a correction to bring it, bring us down like it happened here, because it doesn't want to be there, it wants to stay. Since Bitcoin was to stay close to the core power law during these two years, it's actually very interesting because these last two years and then when we are above the power law is also a two year period. But you know, the correction differently from what happened with the last cycle, we had basically a reset.
