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🚨 Is a RETROCESSION approaching before continuing to follow UP?
📉 Two charts give us a clue about #Bitcoin and TECHNOLOGY STOCKS:
👉The Miners' Position Index of #Bitcoin is above 2.7.
What does this mean?
-Miners are sending more $BTC to exchanges than usual → this has historically anticipated corrections or TEMPORARY pauses within bullish cycles.
-The level is still far from what would mark a market peak, this would indicate a LOCAL RETREAT
👉The Daily Sentiment Index of the Nasdaq is hitting extreme highs.
-This is marking a GREAT level of euphoria in the index of the largest technology companies in the U.S.
-As you can see in the graph, every time it reached these levels since 2022, the market took a pause before following up.
So what's happening?
-This behavior repeats in every cycle
-When enthusiasm rises and miners take profits, there is usually a small drop before an explosive move.
👉And the data that makes the difference:
📍While miners sell 13,400 BTC per month, small investors are buying 19,300 BTC.
📍 Retail demand is absorbing all the supply from miners. Added to this is institutional appetite: companies, treasuries, and funds are accumulating BTC like never before.