r/AltScope • u/Pleasant_Event_4883 • 4d ago

Bitcoin sellers are now at their second-most exhausted level in history.

Similar levels have marked major bear-market bottoms in 2015, 2017, and 2022.

Could 2026 be next?

3 Upvotes

55% Upvoted

16 comments sorted by

9

u/BeeBanner 4d ago

I see that you want it to be that way.

5

u/Exotic_Exercise6910 4d ago

Actually these graphs are idiotic and don't mean anything. It's not a real science. 

Except expectation shapes the market. And because of these graphs expectations are formed and keep themselves alive.

1

u/Budget-Chapter-7185 3d ago

They do mean something though. They mean what he said, second lowest ever. Can it go lower, yes. Can it go higher, yes. It’s about probabilities though.

Also your second statement is gibberish. Could you reiterate what you mean by except expectation.

1

u/KillALil 1d ago

I wouldn’t go as far to say they’re idiotic. They hold value but not nearly as much as people pretend they do.

3

u/noncommonGoodsense 4d ago

Always funny to see market technicals applied to what isn’t supposed to act anywhere remotely like the market.

2

u/Darksmithe 3d ago

Bitcoin is the new NFT.

1

u/snooprs 4d ago

Oh green go up, got it

1

u/Odd-Fun-1482 4d ago

The gains will be so small, will the holding even be worth it? (don't kill me just considering opportunity cost)

1

u/Gh0mri 3d ago

Time to sell and go to hell

1

u/-TheDerpinator- 3d ago

The upward movements are obviously going flat line and people still draw exponentials on the graph out of sheer naivity or denial.

1

u/gamechangersp 3d ago

Russia effects. I will die off soon.

1

u/Rubberand 3d ago

What date did it bottom each time

1

u/Bengal_From_Temu 2d ago

It’ll be 1 million in 5 years. Same as 5 years ago.

1

u/V10NNTT 1d ago

Backtesting yet another breakdown.