I remember people at end of 2021 saying the bull run must still be on because there was no blow off top. That's despite going from 4,000 to 70,000 within a year.
Now we have had a dip from 70,000 to 30,000, a leg up to 45,000 then smashing back down to 30,000 before plummeting to 17,000 in a couple days, and people are waiting for capitulation.
Of course there could be another big leg down, but it's not as though things have been smooth lately. If it turns out 30,000 to 17,000 in the blink of an eye was capitulation, no one could say they are surprised IMO.
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