There seems to be an extraordinary and coordinated effort to keep BTC from taking off on the next bull run.
I have no data to back this up, just many years watching the markets and lately many hours watch the BTC charts.
It seems eerily similar to the gold and silver markets.
China is crashing terribly, Greece just defaulted, the EU is in shambles, risk is spiking everywhere. And yet safe-haven/risk off assets such as gold and silver are getting slammed. It makes absolutely no sense - unless you're pulling the levers and keeping the crowd in equities by making the alternatives seem worse.
I think LTC is the canary in the coal mine. There has been much heavier investment by the big boys in BTC, and they have proportionally more control over the asset. LTC and most other alts I think have been marginalized, so when one goes on a run there's not much the big boys can do about it.
As I've said for the past 18 months or so, the big boys are keeping BTC down and steady until they can open the ETF pipeline. At that point, mark my words, we will watch billions, yes billions, flow into BTC very, very quickly. I would say (and have said) BTC will hit $10-50k within six months of the ETF going live. It is going to be insane.