Bitcoin has experienced a significant decline, sliding nearly 40% in value as market liquidity continues to tighten, raising concerns among investors. However, prominent financial expert Raoul Pal has weighed in on the situation, asserting that despite these fluctuations and the tightening of liquidity, the fundamental cycle of Bitcoin and the broader cryptocurrency market remains intact and has not fundamentally broken down. He elaborates on the reasons behind this perspective, suggesting that the long-term prospects for Bitcoin may still be positive despite short-term volatility.
source: https://blocknews.com/bitcoin-slides-nearly-40-as-liquidity-tightens-here-is-why-raoul-pal-says-the-cycle-isnt-broken/