Just a quick thought: I’ve always paid close attention to institutional moves, since they have large positions and their direction is usually more meaningful.
I just saw this: “Data: Total profits of approximately $66.93 million; an address added about $4.84 million to its BTC long position.”
Looks like long-term capital is still allocating, which gives me a little more confidence.
$BTC What do you all think?

DYOR, trade rationally.