As you say, borrowing was cheap. There was no reason for it to decline after 2018 till 2020...
Reminder: other speculative assets didn't decline then :)
As I said before, Covid, with boredom and free money. No one used Bitcoin as investment and not many would borrow money for buying crypto.
Still: no one cares about Bitcoin anymore except some select people that live in the past.
As you say, borrowing was cheap. There was no reason for it to decline after 2018 till 2020...
Reminder: other speculative assets didn't decline then :)
As I said before, Covid, with boredom and free money. No one used Bitcoin as investment and not many would borrow money for buying crypto.
Still: no one cares about Bitcoin anymore except some select people that live in the past.