Was $124K the Bitcoin Top? Or Is the Rally Just Beginning?

Bitcoin hit $124K last week and has been tumbling since, sparking debate over whether the rally is done.. but on-chain data and ETF inflows suggest it may just be getting started. A flash crash from ETH whale trades shook markets. In D.C., Trump’s removal of Fed Governor Lisa Cook raises questions about Fed independence, even as Morgan Stanley forecasts rate cuts in September. At the same time, crypto treasury funds from B Strategy, Sharps, and Pantera are booming but are they fueling innovation or the next big risk?