First chart below👇

Historically, BTC and the Russell 2000 – an index of American small-cap stocks – have always had an interesting correlation.

Breaking the Russell 2000's all-time high has always been a good sign for Bitcoin, showing a risk-on appetite.

This can't be ignored...

2/SECOND CHART

The Business Cycles ISM PMI is an indicator that shows whether the economy is growing or slowing down, helping to identify which phase of the economic cycle it is in.

• PMI above 50 👉 expanding economy
• PMI below 50 👉 contracting economy
• PMI equal to 50 👉 stable economy

We are already in one of the longest periods of contraction. Reversing this movement could help the performance of #BTC.

3/
The money supply is OUT OF CONTROL, reaching $45 trillion for the first time, driven mainly by China.

• INSANE money supply
• Possible reversal of the contraction cycle
• Risk assets breaking all-time highs
• BTC 30% below all-time highs

Being bearish in the medium/long term in this setup?

Doesn't seem to make much sense to me.

Don't you think?