INSIGHT: This is an observation that
@Matt_Hougan recently made as well.
#Bitcoin is reacting less and less to bad news - this kind of "habituation effect" in markets usually coincides with bottoms and can be applied to any asset class.
In fact, bitcoin:native 's intraday sensitivity to negative changes in the
@CFGI_io sentiment index over 30 days has never been lower.
Last time this happened was in late 2022...