I still have this conviction that the current crypto bull cycle hasn’t reached the top yet. I don’t say that just out of hope, but after listening to a lot of smart people in this space and even TradFi voices like Tom Lee and Michael Saylor who still see big upside for BTC over this cycle.
On top of that, the on-chain and institutional flows are hard to ignore. Just today, reports came out that MicroStrategy went back to buying again, adding more than $830M worth of BTC in one shot. Around the same time, Harvard University’s endowment showed a $440M+ position in BlackRock’s IBIT spot Bitcoin ETF, making it one of their dominant public holdings. That’s not retail chasing green candles; that’s serious long-term money quietly accumulating, even at what many already call “high” prices.
For me, that kind of behavior sends a clear message: big players don’t think this is “late to the party.” They’re positioning for something bigger, not for a 10% bounce. Some analysts are still talking about Bitcoin potentially doing another 2x from here by late this year or sometime next year, depending on how macro, liquidity, and ETF flows evolve. Of course, no one really knows the timing.
So when I look at this current downtrend, I don’t feel like we’ve fully flipped into a true bear market yet. Personally, it feels more like a bear trap inside a larger bull – a phase designed to shake out the late entries and the over-leveraged people before the next leg. But that’s just my view, and I could be wrong.
At the end of the day, everything is still speculation until price actually proves it. The only thing we can really control is how we react. Keep watching what institutions are doing, keep an eye on the bigger cycle, and most importantly, manage your own risk. Stick to investing only what you can afford to lose, stay patient, and let the market reveal which narrative was right.
I love taking photos of anything and then share them in my blog. However, I also want to share about my investing journey here in the Hive Blockchain and share my thoughts about crypto & finance.
