Is nobody actually seeing that crypto is already far ahead of the risk curve? While the SPX formed this Wyckoff distribution into a final move at the BOS, at the same time Bitcoin made its low in early February, and ince then even with the conflict ongoing the most impacted market has been the stock market, while Bitcoin — together with crypto as a whole has been in an accumulation phase.

Price is telling you this, Bitcoin is holding higher lows while the SPX keeps making lower lows, to me this personally looks like one of the best and strongest reversals we could see from crypto once risk-on comes back in full force, crypto will benefit the most.
It’s not hopium it’s simply how liquidity moves among asset classes, since crypto has already been priced in for a while now, it might be time for it to benefit first from the rotation.