Thread by @cryptocantoncat

I've been saying this since March 2022.

#Bitcoin has been following the small cap indexes such as #IWM and #Russell2000 very closely since September 2021.
They are the first ones to get hit.

Large caps #SPX #QQQ got hit later.

🧵/1

https://twitter.com/cryptocantoncat/status/1502146223406526464?s=20&t=zlFagfHcli2s4MVa2sOiHg

That remains true all the way to today.

#SPX correction is lagging behind and is playing catch-up with correction.

When influencers ask why #Bitcoin is holding better than #SPX and #NDX #NASDAQ, this is why.

🧵/2

https://twitter.com/cryptocantoncat/status/1527303587272937475?s=20&t=xzBl3sMmKkY8LSP7Azpadg

Small caps are way oversold at ridiculously low valuation historically. A P/E of 12! Are you kidding me?

If small caps #IWM and #Bitcoin are correlated, and if #IWM valuation will normalize back to higher valuation, #BTC rises.

🧵/3

https://twitter.com/cryptocantoncat/status/1527295848383537159?s=20&t=xzBl3sMmKkY8LSP7Azpadg

Orders of cleansing:
1) $ARKK and high valuation stocks
2) $IWM and small cap stocks, bitcoin and cryptocurrencies
3) Mid cap stocks, fintech, financials, industrials
4) Big cap stocks like $AAPL
5) "Safe havens" like $WMT $TGT
6) Big oil $XLE is next
After that, we respawn.
🧵/4

Stop watching "the stock market" and how #Bitcoin is doing. Just because $TGT and $WMT crashes doesn't mean #Bitcoin #BTC has to crash harder.

I'm not saying we're out of the woods, but follow the right index (#IWM, not #SPX or #NDX).

RT if you find this helpful.

🧵/fin