invalidation for me would be a clear bear marketthat would mean $BTC crashing about 40% from its ATH and then going for a prolonged period (a few months) without bouncing backthis is because 20–40% dips routinely happen for BTC during bull runsoutside of that, a clear negative shift in macro conditions for markets as a whole would also count as invalidationmacro is still crazy bullish right now — except stocks and commodities seem to be benefiting while crypto isn’t... and many have outright decided that cr ...