Oversold Signals Are Getting Loud, But Hard to Frame Today as Immediately Constructive

Discussed in today's video:

Oversold Indicators Are Extremely Stretched: Bitcoin’s rolling 30-day return is in the 6th percentile since 2020, the 7-day return is in the 3rd percentile, and its deviation from the 50-day moving average has reached a z-score of roughly -2.8. These readings have only appeared during major stress events and historically tend to coincide with exhaustion in selloffs and the setup for multi-week bounces. ETF Holders Capitulate: Spot Bitcoin ETFs have seen >$4 billion dollars of net outflows over the prior 30 trading days, rivalling prior capitul...