Pretty wild what's happening across global markets right now. Nearly 94% of stocks in the MSCI All Country World Index are trading above their 200-day moving average—we haven't seen numbers this high in about five years. That's some serious bullish momentum.

But here's where it gets interesting. Around 87% of ACWI-tracked countries are simultaneously above their 50-day MA, marking the strongest reading since July. When you see this kind of synchronized strength across both breadth and timeframes, it usually signals conviction in the uptrend.

What does this mean? Basically, the entire global financial system is running hot right now. Whether this sustains or pulls back will be crucial for risk assets, including crypto. Keep an eye on these breadth indicators—they often give early signals before major market shifts.