Bitcoin is consolidating above is former all time high, with the hottest phase of the bull market including heavy altcoin outperformance likely soon to follow.
From a fundamentals perspective, the market has been even more focused on memes and quickly shifting narratives than in former bull cycles. This is frustrating, as there's now a lot of actually interesting tech out there that is heavily underperforming. Our observation extends all the way to ETH's underperformance so far.
Well, it's crypto, and we have to live with the fact that the sparkly new thing will always be more interesting than what's been developed for years. Here's to the craziness and the weekly, daily, hourly narrative shifts of the coming months. Let a million shitcoins bloom! 🐂🐂🐂