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Lia Holmgren warns that while a reflex rally is currently underway with normal volatility, weekly signals indicate a possible selloff approaching mid-June.
Holmgren also flags a surge in window-dressing activity among institutions and hedge funds as quarter-end approaches, suggesting attempts to enhance reported results. She cautions that the current market rally is not expected to last and advises preparation.
Holmgren has previously highlighted the slow momentum in crypto markets, drawing a humorous comparison to her 94-year-old grandmother’s energy in a recent commentary. Earlier this year, she noted bitcoin’s advance to $78,000 following six weeks of exchange-traded fund inflows and increased corporate treasury participation in a separate analysis. These observations follow her ongoing assessments of shifting trends in digital assets.