With the amount of bad news and uncertainty being thrown at Bitcoin right now, you’d expect it to be trading a lot lower. We’re definitely in the process of establishing a major pivot low soon. Bearish FOMC, with rates held (priced in) Rising oil prices Hot CPI data Global bond yields surging DXY rallying Ledger wallet hack Relentless FUD around the pivot to AI MSTR delisting fears Yet despite all of this, Bitcoin is quite literally holding its range. In the grand scheme of things, considering how much negativity and macro pressure is being thrown its way, BTC is looking quite good. You’d think with this kind of shit we’d already be trading well below 70K. But we’re not. And to me, that’s interesting. $BTC is becoming increasingly resilient. The market is absorbing bad news without the kind of downside reaction you’d normally expect. That is clearly a sign we are in a bull market. Bad news in a bear market pushes prices lower, bad news in a bull market pushes prices higher. Sometimes strength isn’t about how much an asset rallies on good news. It’s about how well it holds up when everything seems to be going against it. And right now, BTC’s resilience is telling us something. Very telling indeed.