YouTube discussion about whether Bitcoin's recent decline represents a bear market or a deep pullback. The speaker describes current price action as 'uncharted territory' in cyclical terms, notes a ~40-point/percent drop and many long positions being liquidated, and expresses uncertainty about whether shorts will dominate or the market will revert.
Like, personally, we're just in a little bit of uncharted territory. Right. And, and, you know, that's normal, but the reality is we're kind of in terms of cyclical behavior where somewhere we've never been before. And it makes it difficult for me to discern whether, you know, this is simply just a pullback inside the current run up, or whether this is the start of the bear market. But I don't know, man. I think we've seen a 40 decrease in price and a lot of the longs get taken out of the market. So I just can't help but find it hard to believe that all the shorts are going to stay on the board and. And win. Typically, this market doesn't allow either side to win. Right. That's the reality of it. So I guess for me, I'm bit a little.
