The risk index is repeating a familiar pattern.
In 2022, each wave of accelerating risk turned into a new decline.
This pattern typically develops as follows:
acceleration → capitulation → slowdown → acceleration again.
Once the risk index accelerated, Bitcoin was pushed into a capitulation phase, dropping by as much as 20% before the risk slowdown began.
In 2026, we already saw the capitulation phase and a period of partial stability.
Now, risk is rising again.
Will BTC close March in green or red?
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