Goldman Sachs has recently publicly stated that it believes Bitcoin may have already passed the bottom of this cycle.

This smell is somewhat familiar; when major Wall Street firms come out to call a bottom, it usually indicates a subtle shift in macro expectations regarding liquidity. Although the Federal Reserve's shoe has not completely dropped yet, the market has clearly started to preemptively run ahead, pricing in the logic of "recession means liquidity."

However, what Goldman Sachs says, seasoned investors understand; sometimes looking at it from the opposite angle is also an art. From the perspective of chips, the defensive posture in this area is indeed much firmer than before, and the footprints of large funds entering the market are hard to hide. The short-term selling pressure is gradually being digested. This wave belongs to a typical narrative of institutional takeover, and whether it can take off depends on whether the subsequent ETF inflows can withstand the pressure.

Do you all think this is the real bottom, or is the operator trying to fool us again? #Bitcoin #Crypto #Macro #GoldmanSachs $BTC