Momentum exits extreme negative territory (-1) today. While the overall trend remains defensive, the pivot suggests a new bullish attempt. Will it gain the traction that January’s failed move lacked?

Swissblock
@swissblock__
02-27
We’ve officially hit the longest $BTC Extreme High Risk period on record: 25 consecutive days, surpassing the 2023 peak of 23 days. As @CryptoMichNL points out regarding the BTCUSD vs. Supply in Profit/Loss chart from @glassnode , we might be carving out a bottom—perfectly x.com/CryptoMichNL/s…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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