On 1 July, Bitcoin printed its low at $57,748. The Fear & Greed Index hit 11 that day, about as fearful as the market gets.
Most people go looking for analysis after a run like the one since. The useful reading was in July, when nobody wanted to hear it.
What members read on 7 July
The delta progression from -2.069 billion in early June to -386 million in late June to +418 million this week is the seller exhaustion thesis completing in order flow data.
In plain terms: the selling was drying up week by week, and buyers had started to outweigh sellers.
What happened next
Bitcoin held the $57,748 low. It broke out on 19 August, closed above $80,000 on 27 August, and made its first weekly close above the May high on 27 September, at $84,442. The call is scored as a hit on the public record.
I'm showing it here only because it has resolved. Live calls stay with members.
Not every call goes right. Two have missed, and both sit on the same public page with what I got wrong.
See what I posted on X at the low, word for word →
Oz
Not financial advice. Always do your own research.
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