2/4
As mentioned yesterday, the bottom is usually formed when new lows are made and everyone panics. Usually, this comes in combination with bad news and we got a lot of it over the past few days. CZ sentenced, FOMC meeting, and today the first BlackRock ETF outflows. This could either be a capitulation event or the start of something bigger. We will get the answer over the coming days but what is clear is that we have seen one of the biggest and sharpest price drawdowns over the past few years👀