my vibe meter on Bitcoin is off the charts 📈*

the algorithm on X has been pushing a lot of pro-BTC content over the past month, and it's becoming more and more irrational:

accounts with millions of followers recycling 2024 news about "new" gold reserves in China, false news about China legalizing Bitcoin and calls for gold going down to $2000

every pro-Bitcoin account seems to be calling a long-term gold top (LOL!) and heavy rotation into Bitcoin. actually a lot of BTC shill content is about BTC being better than gold - and the arguments for it aren't very sound. i've written several posts explaining this. BTC crowd seems very obsessed about gold - especially when it comes to showing how it's inferior to Bitcoin. Bitcoin is not gold - and it will never be gold - they're very different assets. that doesn't mean that BTC ownership is a bad idea - but it's important important to approach it rationally

a large part of this seems coordinated/paid campaigns. liquidity always needs an exit

so Bitcoin should continue with some more downside in the near future

* this sentiment is based on vibes, but it's backed by technicals & fundamentals at its base. you can find in-depth explanations in my past posts and threads