Bitcoin PA looks the same as 2023. Look for a range until after Christmas, then a pump to the 107-110 range the first week of the year. Followed by a leverage flush into the low 90s/high 80s in mid January. Then we'll retake ATHs into Feb/March. Bullieve!
Possible analogue from the lead up to the last financial crisis. Potential catalysts still taking shape. Continued central bank NIRP would support this scenario.
Past instances of this extreme in vix term structure has marked a short-term bottom, followed by continued selling over the following weeks and months.