95% of people are missing what this chart is actually showing. Everyone is focused on how bad sentiment feels now. Retail is exhausted, or left. People are bored. A lot of money is still sitting on the sidelines. But look at what is happening at the same time: - Trump supports crypto - BlackRock started buying again - Governments are taking crypto seriously - ETFs and hedge funds are positioning And somehow people are waiting for crypto to go much lower before they believe in it again. That's usually not how this works. The biggest moves start before everyone feels comfy. I have spent the last 8 years trying to do the opposite of the crowd at such turning points. Buying when nobody wants to buy. Selling when everyone thinks it can only go higher. And today this feels very familiar. I think people will look back at this chart very differently in a few months.(Rekt Fencer)