Bitcoin's recent price surge, fueled by hype and institutional validation, does not alter its fundamentals.

Bitcoin's recent price surge, fueled by hype and institutional validation, does not alter its fundamentals. I observed a 70% win rate claim, which I deem suspect, and note that oil prices and rising yields impact BTC. The launch of a Bitcoin ETF may pump the price, but it's irrelevant to intrinsic value. My short bias remains intact.