"When things reach an extreme, they must reverse" — this natural law is equally valid in financial markets.

In the tweet from March 2nd, we witnessed an unusually rare "extreme negative value" in the "Investor Confidence Index."

Throughout history, whenever market sentiment has fallen to such a degree, what follows is either a rebound rally or the market is actually not far from the bear bottom.

Although we still don't know today whether the current situation falls into the latter category, at least we have witnessed the "rebound."

At the same time, the confidence index is continuously moving toward the zero axis as time passes. Once it crosses above the zero axis, it signals the end of the bear market.

We can make a rough calculation: If there are no unexpected disruptions going forward, and based on the average pace of the past 10 days, it will take approximately — 47 days — to return to the zero axis!

I know such calculations may not have any practical significance. Because often it's "if nothing goes wrong, something will go wrong......"

But it can give us a bit of confidence:

In the world of Bitcoin, there has never been an eternal night!

When the first ray of sunlight tears through the darkness, the mist will finally dissipate. $BTC