According to Miles Deutscher, confidence is a lagging indicator in the cryptocurrency market. Traders often rely on confidence levels as a measure of market sentiment, but it's crucial to understand that this indicator tends to reflect past market conditions rather than predict future trends. This insight emphasizes the importance of combining lagging indicators with leading indicators for a comprehensive trading strategy. [Source: Miles Deutscher, Twitter]

According to Miles Deutscher, recent surge in searches for 'recession' has reached levels not seen since 2022. Historically, peaks in such recession fears often coincide with local market lows, suggesting it may be a lagging indicator rather than a leading one.