According to the Rainbow Chart, this is as bad as the 2022 FTX crash bottom.
We are below the "Fire Sale!" band 👀
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Replies (6)
RIP the yellow band.
FTX crash was orchestrated by SBF and DCG, now you're using their playbook to hype a bottom.
FTX was worse because the market was making no sense. At least in this market people seem to have some straightforward+correct understanding of what's happening
Its going to get worse.
That's because we're right at the bottom of the cycle, right on time.
Is anyone surprised? I'm not.
I think we need a new color.