Forget ETFs; instead, every Bitcoin trader should follow this data point

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👇1-11) After being massively bullish since January 25, we turned cautious precisely a month ago (March 8) as the forward returns appeared unpredictable based on the market's technical setup. Trading (crypto) is about risk-reward and knowing when to bet big and when to bet small, and the last thirty days were indeed a period when to bet small. But this will change soon.

👇2-11) Our trading signals have expressed a similar message. After generating double-digit returns between January and early March, the last three weeks have seen some single-digit losses, with the jury still out on how those trades will finish when their projected trade horizon for those positions ends. Instead of being 100% long or short, the model is only 38% net long. Positioning is light, but this will change soon, too.

Forget the Bitcoin ETF flows; there is a NEW Sheriff in town.

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