Minority Mindset

Summary

In a recent post on X (formerly known as Twitter, because why not rename everything?), Woo laid out the three signals that typically mark the end of a bear market. Spoiler alert: Bitcoin hasn’t hit any of them. The first? The price needs to break above the cost basis of short-term holders (STHs). These are the folks who bought in the last 155 days-basically, the newbies who thought they were getting in on the ground floor, only to find themselves in the basement.

Digital asset funds saw a significant increase in inflows on April 6, totaling $471 million, according to SoSoValue data. This was the largest single-day increase since February 25th and the sixth-highest of the year so far. While substantial, this inflow is still lower than the peak levels seen in January, when daily inflows often exceeded $700 million.

Bitcoin, that most fickle of financial darlings, exhibits a renewed vigour, having clung to the £65,000 level with the tenacity of a spinster to her last chance at matrimony. It now ascends once more towards £70,000, a movement as unpredictable as the whims of a debutante.

The media, ever the eager chorus, reports that Iranian missiles and drones-those modern harbingers of doom-have set ablaze one of the world’s largest industrial hubs. Jubail, a jewel in the crown of Saudi Arabia’s petrochemical empire, now smolders under the gaze of the heavens. How the mighty fall, or at least, how they catch fire!

The update choreographs swifter finality and clearer fee transparency, part of the grand ballet toward ever greater throughput for payments and tokenised assets-think of it as the platform’s polished waltz, refined for the latest vogue.