S&P 500’s Surge Suggests Potential Market Exhaustion

The S&P 500 chart reveals a strong possibility of exhaustion within a multi-decade bull market cycle, as its latest surge may indicate the end of an upward trend. The SPX token, reflecting broader market sentiment, has experienced a significant drop of 13.8%, mirroring the weakness in traditional equity markets and investor risk aversion. Despite long traders dominating exchanges, increasing liquidations suggest growing caution and a deleveraging process among investors.