Jun. 6 at 3:28 PM
$BTC is sitting in a spot where it would need a full 2x move just to revisit prior all time highs
$ETH is in an even steeper position, needing roughly a 3x move from here to get back to its peak levels.
That puts things into perspective on how much has already been repriced in this cycle.
The real question traders are starting to ask is whether institutional adoption has changed the game entirely. More liquidity, more structure, but also more controlled upside and slower reflexive moves.
Is crypto becoming a mature asset class with capped volatility, or did institutional flows actually dilute the explosive upside we saw in earlier cycles
Right now it feels like the market is still figuring that out
