Market Trend - Bitcoin profit-taking remains low, suggesting the rally could continue [1]

Market Overview - The tech sector experienced a pullback, but the overall market sentiment doesn't suggest a severe, prolonged downturn [1] - Major averages are showing signs of profit-taking, with the Dow down 92 points, S&P 500 declining by 0.38%, and NASDAQ losing 67 points [1] - Parabolic moves in stocks are viewed with caution as they often precede significant declines [2] Sell-off Analysis - Sell-offs that begin with a rally followed by a reversal are particularly concerning, as early buyers may feel trapped and become unreliable shareholders [3] - These buyers are more susceptible to negative narratives, such as the AI boom collapsing like the dot-com bubble 25 years ago [4] - Sell-offs, like rallies, are a process, and the market will always hear arguments about stocks running too far, too fast [5] Investment Strategy & Psychology - Investors will constantly hear about market overvaluation and the term "bubble," potentially leading to panic selling [5][6] - It's crucial to resist the urge to panic and sell off stocks based on fear and compelling but potentially misleading narratives [6]

Market Trends - Spot Ethereum ETFs experienced a significant daily outflow of $465 million [1] - Analysts attribute the outflow to short-term profit-taking [1]

🚨 ALERT: Bitcoin exchange netflows spike as profit-taking kicks in after $123K high, hinting at a possible local top. https://t.co/Ix7uIvm8eZ ...