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Bitcoin market signals that have historically coincided with asset bottoms are showing different trends in the current cycle.
Joao Wedson highlighted that while negative global M2 money supply growth previously aligned with major Bitcoin lows, this cycle appears to differ, with Bitcoin experiencing a correction even as these signals point elsewhere.
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Wedson recently observed that Bitcoin’s buy and sell pressure delta has turned negative, indicating an uptick in bearish market activity in his latest commentary. He has also examined whether Bitcoin’s traditional cost basis signal remains dependable in the current environment, raising questions in a separate analysis. These earlier assessments add context to his view on this cycle’s unusual market signals.