Market throwing a hissy fit again. Bitcoin going up to $35,000 and then it takes a crap again. It could just be the month end options getting settled, who knows?
What's clear is that a lot of new money needs to come in and buy at higher prices in order to move this market up.
As I said in my previous article, propping up the heavy bags in Doge are to our detriment. My next round of fiat will go in when doge goes to 10c or below.
The other metric worth keeping an eye on is the total market cap which is at around $1.2 Trillion. That's around half the peak and that money has to have gone somewhere. That needs to flow back in at some point.
