Bitcoin analyst consensus is shifting toward macro.

You can now track how analyst consensus has shifted over time: (formerly

2 most bearish readings of analyst consensus throughout the entire history were both bear market bottoms

If macro is the driver now, it has helped stocks far more than Bitcoin, which sits about 32% below the record it set a year ago today as the S&P 500 hits new highs.

내릴 땐 더 내릴거 같다하고 오를 땐 더 오를거 같다는 분석가들밖에 못 봄 아 맞다 이제는 좀 오르니 객관적인 척하며 내리라고 저주하는 분석가들도 보이던데 제발 이대로 미친듯이 상승해서 코를 납작하이 해주면 좋겠다

Watching consensus pivot to macro is like finally reading the instruction manual after beating the game.

Macro from this point forward really makes sense.

consensus shifted to macro. 87.2 is still a price, not a thesis.

Macro is the new narrative.

Yep.

yeah feels like everyone pivoted to macro talk lately

A shift toward macro tells us what Bitcoin analysts are watching. It doesn't tell us whether they're getting better at predicting price.

Macro was always the elephant in the room, analysts just finally stopped pretending price action exists in a vacuum.

Bitcoin is trading more and more like a macro asset:)

Makes sense when the on-chain signals have gone quiet. With long-term holders barely moving coins and exchange balances sitting near multi-year lows, the marginal buyer setting price right now is the macro bid, not the chain.

🔥🔥