I personally think BTC is the most realistic risk asset chart of them all at the moment. The big bull run was based on the premise of huge rate cuts and big crypto projects which never satisfied the expectations. All the money is flowing into the AI race, we are already at inflationary state and disappointing peace talks. On top of everything we got a strenghtening job market which MAY allow the fed to hike interest rates so they can battle inflation a little bit. Which basically means ''hell'' to already disappointed risk assets, specifically BTC. As I've said in one of my previous thesis on BTC, it might really take the biggest blow out of them all if this sh*t fest turns into recession.
