🚨 $BTC BASIS FLASHES THE 2022 CYCLE-BOTTOM SIGNAL AGAIN
📊 Glassnode just confirmed the 3-month $BTC futures basis has stayed pinned below the 2-year US Treasury yield since February. The only other sustained stretch that looked like this ran from August 2022 to January 2023 — and it closed the books on a cycle bottom. 📉
💡 The carry trade has lost its grip on pricing. When hedged positioning stops earning premium for this long, it tells you the market is repricing BTC without leverage games. This kind of slow, structural drift is exactly what shakes out weak hands before the next phase shifts.
🤔 The last time this fracture appeared, every week of pain became a gift to those who stayed positioned. Are we watching the same quiet accumulation window form before the next leg up? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #FuturesBasis #CycleBottom #OnChain #Crypto
🐂 💎
📊 Glassnode just confirmed the 3-month $BTC futures basis has stayed pinned below the 2-year US Treasury yield since February. The only other sustained stretch that looked like this ran from August 2022 to January 2023 — and it closed the books on a cycle bottom. 📉
💡 The carry trade has lost its grip on pricing. When hedged positioning stops earning premium for this long, it tells you the market is repricing BTC without leverage games. This kind of slow, structural drift is exactly what shakes out weak hands before the next phase shifts.
🤔 The last time this fracture appeared, every week of pain became a gift to those who stayed positioned. Are we watching the same quiet accumulation window form before the next leg up? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #FuturesBasis #CycleBottom #OnChain #Crypto
🐂 💎