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We’re Nowhere Near the Top (Yet)
Why I Think We’re Nowhere Near the Top (Yet) Coinbase’s iOS app ranking is currently sitting at #407. For context, the last time it hit #1 was around Nov/Dec 2024, when BTC was in the $95k–$107k range. Historically, app store rank spikes like that tend to coincide with tops, driven by retail euphoria. Now fast-forward to today: BTC has made new all-time highs, yet Coinbase’s app isn’t even close to the top rankings. That’s a major signal—price is high, but retail sentiment is still relatively low. Think of it like a reset RSI: we’ve cooled down sentiment-wise, while structurally the market still looks strong. Add to this: • A massive global M2 money supply expansion (aka more liquidity) • Weekly candles closing above support This paints the picture of another leg up rather than a top. To be clear: low sentiment + high prices ≠ top. It’s actually the opposite of euphoria, which is usually when things peak. THE BEST IS YET TO COME IMO. submitted by /u/High-Stakes-Capital [link] [comments]
| | Why I Think We’re Nowhere Near the Top (Yet) Coinbase’s iOS app ranking is currently sitting at #407. For context, the last time it hit #1 was around Nov/Dec 2024, when BTC was in the $95k–$107k range. Historically, app store rank spikes like that tend to coincide with tops, driven by retail euphoria. Now fast-forward to today: BTC has made new all-time highs, yet Coinbase’s app isn’t even close to the top rankings. That’s a major signal—price is high, but retail sentiment is still relatively low. Think of it like a reset RSI: we’ve cooled down sentiment-wise, while structurally the market still looks strong. Add to this: • A massive global M2 money supply expansion (aka more liquidity) • Weekly candles closing above support This paints the picture of another leg up rather than a top. To be clear: low sentiment + high prices ≠ top. It’s actually the opposite of euphoria, which is usually when things peak. THE BEST IS YET TO COME IMO. [link] [comments] |
