We are currently in the Anger to Depression phase of the market cycle. While many are saying this cycle is different due to institutional involvement, consider that the second largest holder of BTC is Binance.

🧵 Thread:

- Potential Market Trigger:

- This could be the catalyst for significant price action. I believe Wall Street will likely force retail investors to cut their losses, providing the liquidity needed for the market.

- New VC coins are already down 80-95%, indicating that the bottom may be near.

- Recent Market Behavior:

- On 23/08/24, we saw a massive pump and recovery in altcoins, with gains of 30-60%. Many believe this signals the last bottom, but we must be contrarian to retail psychology to truly understand the market.

- I plan to DCA (Dollar-Cost Average) again after seeing "CRYPTO SCAM" trending.

- Bad News Catalysts to Watch:

- Mt. Gox

- WW3

- Major FUD

- Black Swan Events

- I'm not here to scare you, but these are critical factors to pay attention to.

BUT OVERALL, I'M VERY MUCH BULLISH.