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Some good signs of bottom are emerging now.
Coinbase Bitcoin premium has been positive, despite BTC prices going down.
This was one of the signs which started the reversal in April 2025.
Also, BlackRock CEO said that IBIT is the biggest revenue source for them.
I think they will continue to bring more institutions to BTC, as it'll boost their revenue.
Maybe the 4-year cycle will be dead this time.