Please look at the All Time High Volume in $BTC and the volume in the beginning of 2023.
Crazy amount of BTC has been collected!
Now, ithe market settles down again. My expectation is testing lower prices around 21k and 23k
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If BTC slightly goes lower and triggers another purchase of these giants, I believe it will be the LAST time we see lower-lows in BTC (so does in crypto).
However, we may need another leg to collect liquidity around these levels