Caption this: stocks are down 2,85% from ATH.
Bitcoin 47%
ETH 61%
Alts??? most of them 99%?


The AI bubble hasn't even popped yet..

All of this with Tom Lee, Saylor and ETFs pouring literally billions of $ into the market.

Of course, some OGs cashed out big time. I mean who wouldn't if you made hundreds of millions.

But still, something is absolutely not right if you ask me.

When I was talking about the crash, I expected us to land somewhat where we are here right now. But I expected the crash to come alongside stocks and equities with the AI bubble burst. Not just randomly. Saylor and Tom lee haven't even started selling.

I am absolutely baffled that we are just bleeding through supports like this without any reaction while tradfi isn’t even doing that bad. Wtf is going on. Who is selling so much?

60k hit… 2k above the 200W MA.

This is the first time since 80k that it actually looks like a local bottom.

But given the pure weakness (Stocks and Equities are still not that bad at all), I wouldn‘t be comfortable to call this the definite bottom.

Either way, if you believe in crypto and are not all in, these are the days to buy more

Most convincing I have seen so far. Past days were forced selling for sure. If supports don‘t see any room to breathe, then someone is forced to get out.

😱 Stablecoin Inflows Double Despite Persistent Selling Pressure

“It is a positive signal, as it shows that investor interest is gradually returning at this level of correction. This dynamic still needs to strengthen, but some participants are buying this dip.” #stablecoin link link

Gz who did 🤝

🇨🇳👮 How to Understand China's New Rules on Tokenization and RWA?

On Feb. 6, Chinese authorities jointly issued Document No. 42, repealing the 2021 "924 Notice". The new rules maintain a strict ban on cryptocurrencies but formally define and regulate RWA (real-world asset tokenization) for the first time. RWA activities are permitted if conducted on approved financial infrastructure and under regulatory oversight. The document also introduces a filing-based framework for offshore tokenization of onshore Chinese assets, indicating a shift from blanket bans to regulated, compliant asset tokenization. #regulation link

Ok wtf?

I want to see BTC >73k to get bullish again

I haven't updated on $DJI in a while. We have broken out and are in price discovery. This is a historic beak and actually insane.

$DJI log chart also absolutely crazy.

This is the DJI log chart, resistance between 1929!! and the DotCom bubble is broken.

$SPX log chart is the same. I belived we were topped but the quick retest of the previous ATH makes this chart very important again. Target for this log channel is SPX to 8000. If we hit this, I will be very bearish and am looking for a proper correction to the lower channel which is around 6000 right now.

200W MA is at 58.3k rn.
I would not be surprised if we touch it eventually. Last dip missed it just by a bit.

Gross market.

Let‘s see if we can touch 73k to form a HL.

Nope..
Pray for 64.8k to hold.

This chart isn‘t screaming strength so far..
Best we can hope for is consolidation for now I guess..