In this discussion, Joe Consorti, a macro and markets commentator, delves into Bitcoin's latest price dynamics and the silent shifts among long-term holders. He argues that recent sell-offs may actually indicate strength, highlighting key support levels at $95,000 and $100,000. Joe explores the ramifications of rising socialism tied to economic discrepancies and warns about the risks linked to concentrated equity markets. Additionally, he underscores how Bitcoin's movements reflect the business cycle more than its halving, hinting at an upcoming rally driven by easing financial conditions.
