Alt/BTC just did something for the first time in 27 months.
Alt/BTC has closed 2 consecutive candles above the 50W SMA despite bearish market conditions.
Last time this happened, alts entered a strong multi-month uptrend.
Precious metals are surging while stock market futures opened negative.
Gold is up nearly 1%, adding $300 billion to its market cap.
Silver is up 2.15%, adding $102 billion.
Investors are moving to safety amid rising uncertainty around tariffs and the U.S.-Iran conflict.
$BTC dropped below the $65,000 level today but is now back above it.
As long as Bitcoin holds above the $65,000 level, there's a decent chance of a rally above $70,000.
⚠️ CRYPTO MAY BE HEADING TOWARD ITS LARGEST CRASH EVER
The magnitude of losses now places this selloff among the most severe events in market history.
Over $2.22 TRILLION has already been erased, sending crypto down more than 50% from its peak.
This is now the 2nd biggest dollar drawdown ever, just ~$60B away from the record.
This is how cycles end.🔥
🔥CRYPTO EXTREME FEAR IS NOW THE LONGEST IN YEARS
The Crypto Fear & Greed Index sits at 8, extending a 23-day run in the Extreme Fear — the longest streak since the Terra-LUNA crash in 2022.
In 2014, BTC/Gold bottomed after 14 months.
In 2018, BTC/Gold bottomed after 14 months.
In 2022, BTC/Gold bottomed after 14 months.
For this cycle, BTC/Gold bear market has been ongoing for 14 months.
Does this mean a bottom has happened?
THIS IS CRAZY!!
If you invested $10,000 in the Bitcoin Treasury Company “Nakamoto” in 2025, you’d be left with just $70 today.
Most DATs turned out to be ultimate shitcoins this cycle.