Market Update - June 28, 2023

A story in three acts

Author

Mark Helfman
June 28, 2023

People say the bull market is now confirmed.

Bitcoin’s price went up long enough for people to think it will keep going up! Eight months ago, I said it’ll take months or years for everybody to think it’s a bull market. One step closer, I suppose.

Guess what?

We still don’t know if the bull market’s confirmed. Today’s update:

  • Permabull, not permabuy

  • Situational awareness (miners, metrics, funds, whales)

  • Bull market progression: one play, three acts

  • Be careful about altcoin metrics

I strongly advise you read the TL;DW below and watch the update! You miss a lot when you only read the summary.

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