There was a time when a single tweet could move Bitcoin by 10%. When a celebrity endorsement sent token prices through the roof overnight. When "to the moon" counted as an investment thesis for millions of retail crypto investors around the world.
Today, that market has been replaced by more serious, more structural, and more interesting market participants. The next Bitcoin rally will not be driven by narrative. It will be driven by liquidity. And if you don't understand how liquidity moves, you will keep misreading every crypto cycle that follows.
