Why this report matters

On Sunday, we published an urgent report, one that could not wait until Monday. A big move was forming, and the window was narrow. Trend-following funds were caught on the wrong side. In a thin market, unwinding and rebuilding those positions would send ripples far beyond the size of the trades themselves. Our internal trend-following model, which closely mirrors CTA positioning, had already flagged the shift. Sentiment, positioning, and flow data were all confirming the same thing. The technical setup had quietly turned constructive, and our Trading Signals were printing several high-probability setups simultaneously (here).

The pieces were in place. But the more important question now is whether this is the beginning of something larger, a new bull market with fresh all-time highs in its sights. To answer that, traders need to confront a factor the market has largely overlooked. Everyone is watching quantum computing. The threat is real, but the timeline is distant, 2030, perhaps 2035. What concerns us more is a structural problem that is already showing up in the data, one that could matter far sooner. We will lay it out below. For now, our focus remains on the immediate move, but we are holding the bigger picture close.

Bitcoin - narrowing triangle - a breakout looms