tightening liquidity is a drag on risk, and the relative-strength line is rolling over. The obvious pushback is the macro call being right but the timing wrong
this ages badly imo. give it room and this is a different call; pinned to the date it's a coin flip on timing. spot-etf net inflows have been persistent. fade me at your own risk.
I’d take the under on this. $56,300 lines up with prior support — that level matters more than the 5.4% headline. long-term holders aren’t distributing into this. no strong feelings.