An almost 5 sigma event! The crowding model plots the RSI and the Z-score of fund flows for an asset. Currently the amount of funds flowing out of Bitcoin is an almost 5 standard deviation (sigma) event. In a standard normal distribution, this kind of event is a 1-in-a-million event. This means it should mark the end of this recent nuke, and the majority of sellers exiting the market have already done so. This doesn't mean that we are going to V-reverse from here. Momentum could cause price to drag sideways while the market hammers out a floor. But the probabilities of a floor are in our favor. #Crypto #Bitcoin #Crowding #5Sigma
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