A Good Read in Financial Times on Bitcoin and Why it is Bottomed Already

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check out the headline from the FT from Sunday, which came out at 3:50pm ET on 5/30
– this story says US regulators are going to take a more “active role”
– given the cadence of US headlines around Binance sanctions, tax scrutiny/increases and now regulatory, these are “bad headlines”

Bitcoin rises despite bad news --> further evidence Bitcoin bottom is in


Source: https://www.ft.com/content/a2c13ce0-6e66-4751-aa65-6c668d303101

But unlike past weekends, Bitcoin barely responded to these headlines (see below).  In fact, Bitcoin is indeed flat/rising over the long weekend: