Just caught something interesting in the market commentary. You know how everyone's been doom-scrolling through crypto news lately? Well, turns out that might actually be the signal we've been waiting for.

Tom Lee from Fundstrat was making an observation about this the other day - he's noting that major market bottoms tend to form when the narrative is at its absolute darkest. Right now, that's exactly where we are. The sentiment is heavy, the headlines are brutal, and most people have checked out emotionally from the market.

What's wild is how this plays out in equities too. MicroStrategy has become the most shorted stock on the market, which tells you everything about how bearish sentiment has gotten toward crypto-adjacent plays. When you see that level of conviction against a stock, it's often a contrarian signal worth paying attention to.

The thing about bottoms is they're never obvious when they're happening. They form in the noise and negativity, not in the celebration. Lee seems to be suggesting we might be closer to one than the sentiment would have you believe. Whether that's crypto, equities, or both remains to be seen, but the conditions are definitely lining up in an interesting way.