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This position is likely to accelerate downward if broken, and the rebound rally is shorter than expected. $BTC

Everyone is sharing this chart - extreme historical US stock data that might trigger a short squeeze?
The data may be similar, but those two times were bear bottoms. Look at the K-line now - where does it resemble a bear bottom?
This scenario (S&P 500 futures asset managers' net positioning at extreme negative levels/record short hedging + market refusing further downside breaks) has historically occurred in approximately 2 major cases. Now it's the 3rd time.
Based on Goldman Sachs futures desk and prime brokerage data (and CFTC TFF Asset Managers classification):
• March 2020 crash bottom: ne

I've observed this over several cycles now, so everyone can take note: when BTC leads the gains, AI tokens are strong; when ETH strengthens, meme coins are strong. And basically they rise with a lag, so if you miss ETH, you can basically still catch it by going into meme coins in time. It's just these few assets that capital keeps rotating between.

Speaking of the daily chart having seven consecutive positive days, it's possible that bearish expectations have been too strong, constantly squeezing higher without being able to pull back? Everyone is reminiscing about the June 2022 market action, but it's also possible we're replicating the July 2022 scenario—gradually squeezing higher to stop out short positions. We'll have to see if there's a selling opportunity around 75k. $BTC

Crude oil is strengthening, but there seems to be a twist. BTC has fallen back into the range, bullish conclusion. $BTC

Thanks to AI, it used to take a lot of time to research each project, but now the agent's summaries are way better than humans.

As expected, that man has arrived.