Bitwise European Research Director: Intraday Crypto Asset Sentiment Index Hits Lowest Level Since Summer 2024

André Dragosch, Bitwise's European research director, tweeted that the intraday cryptocurrency sentiment index has just issued a strong reverse buy signal. The index hit a low of -2.8 standard deviations during the day, marking the lowest level since the summer of 2024 when the "yen arbitrage trade was closed out." This liquidation is a gift, not for those who have already gone bankrupt, but for those who still have some money left.