I think you need to zoom out a bit further...


ya if you zoom out more you can see the smart money take good positions early
the volume we got on the way down from 266 tho was Crazy!

Well, there was a lot of stupid money exiting those same positions that the smart money was buying into - we always have sellers to match the buyers after all.
The question is though - what has changed since January? Granted, exposure has certainly increased - does that mean BTC is worth 6 times more, 7 months later?