The Resilience in the crypto market now is amazing: a world superpower that is in the top 3 economies FUDs it, their 2nd biggest real estate company might cause a "bankruptcy shockwave" and we are still at reasonable prices.

You guys remember the Elon Musk + China mining bans in May causing us to drop to sub-30k bitcoin? Yeah well, it "feels" like that stuff doesn't matter any more.

For the record: I live in Asia. I thought I was gonna go to sleep and then wake up this morning to sub-40k prices for BTC, but it looks like that was not the case today. The only theory I can come up with is that on-chain metrics are getting stronger: less "liquid" bitcoin, or bitcoins that are loosely flowing on exchanges, and maybe retail traders / holders like you and me are getting smarter.

To stress how "screwed" I thought we were, I had some crypto on an exchange yesterday and I was ready to sell and buy back in because when the evergrande + "ban" fud kicked in, I was waiting for wall-street to wake up and sell their holdings. But when wall street woke up, we actually rose from 41k to 42k.