The "Obvious" Bottom is in Hindsight. Stop waiting for the 50% nukes.

The article argues that Bitcoin's current high $70k range reflects a changed market dynamic driven by institutional investors like ETFs and sovereign wealth funds, dismissing the need for a 50% crash to justify entries. It criticizes past 'cycle expert' predictions of an 80% crash and emphasizes conviction in macroeconomic factors over short-term volatility.