Bitcoin Roars Back with Record-Breaking Sigma Move and Rare Signal
Bitcoin's weekly price surge of over 22% is one of its '10 best days', according to Tom Lee, co-founder of Fundstrat. This significant move is rare and historically precedes sustained rallies out of bear markets.
The scale of this rally was evident in technical data, with a +7.12-sigma reading, the largest in at least 10 years. This is a critical indicator that signals acceleration out of bear markets when volatility has compressed.
Fundstrat's analysis shows that Bitcoin's 10 best trading days since 2014 account for nearly all of its long-term gains, and investors who stepped aside waiting for a lower risk missed these explosive sessions.