I saw an interesting chart comparing Bitcoin with gold lately. It seems we are approaching the market bottom, at least if you look at the relationship between the two assets. It’s curious how most people don’t pay attention to this.

I think it’s important to remember that what means euphoria in a market cycle is exactly the opposite of panic. When we see these lower price levels, it’s usually when most people are scared. That’s precisely when historic fund movements happen.

Bitcoin has gone through this several times. You see the price drop, the sentiment becomes terrible, and after a few months, everything changes direction. The market is cyclical, and understanding what euphoria versus despair means helps to see the opportunities others miss.