Only 16% of Nasdaq stocks are trading above their 200-day MA. Getting close to levels of prior market bottoms (2002, 2009, 2018, 2020). Still won't call it, but if you like watching these indicators, here we areΒ π
Crypto/Blockchain funds announced this week:
Cake Defi $100M
Credit Suisse $200M
Spartan Group $200M
Bessemer $250M
Bain Capital Ventures $560M
Electric Capital $1 Billion
#Bitcoin making a macro bottom.
Short-term holders supply indicates a macro bottom, comparable to the low of the 2014/15 and 2018/19 bear market, an opportunity that doesn't occur often.