Bitcoin Is Neither In A Bull Nor Bear Market: Expert Explains The Setup

Bitcoin is trading in a world where headlines still scream “bull” or “bear” while the underlying structure quietly refuses to play along. After spiking to an all-time high in the $124,000–$126,000 zone in early October and then shedding roughly a third of its value into November, BTC now sits in the low-$90,000s, still dominant but clearly winded.
Into that confusion steps pseudonymous renowned crypto industry veteran plur daddy (@plur_daddy) who suggests the market