Major Players Can't Exit Bitcoin Easily, Hype Cycle Still Ahead

The major players cannot simply exit their positions easily. Investing in Bitcoin requires months to deploy capital, and with lower liquidity, the process takes even longer in altcoins. Exiting also becomes challenging—liquidating billions could cause the price to plummet instantly. To sell, market optimism, confidence in the future, and certainty are necessary, as per Powell's principles. Once market sentiment becomes positive, there will be an opportunity to unwind positions, possibly accompanied by new advertising claims that cryptocurrencies have already conquered the world, tax reductions for Americans, governmental program launches, etc. Central banks will start investing in Bitcoin when full legalization occurs. Therefore, the hype cycle still has time to return, and the current accumulation over the past half-year won't be sold off at the bottom.