Offshore
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memenodes
so you're buying the dip with more leverage? https://t.co/RV9Zpp3Hs6
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so you're buying the dip with more leverage? https://t.co/RV9Zpp3Hs6
JUST IN: $140,000,000,000 wiped out from the crypto market cap in the past 4 hours. https://t.co/c32OHlyafS tweet
Offshore
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memenodes
when you realise you're not going to retire your bloodline using leverage https://t.co/xpTzlmdhRV
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when you realise you're not going to retire your bloodline using leverage https://t.co/xpTzlmdhRV
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EndGame Macro
The Charts Are Saying One Thing: Crypto Front Loaded a Liquidity Story That Hasn’t Arrived Yet
If you zoom out and look at all of these side by side, there’s a single story running through them: the air is slowly coming out of a market that ran too far, too fast, on a narrative that hasn’t materialized yet.
SOL and XRP both tell you the same thing in different shapes. They each had their big run, sentiment got loud, and then the bid faded. The rallies over the last few months weren’t new demand, they were aftershocks. Every bounce has been weaker than the last, and the market caps have been grinding lower in that way that doesn’t look dramatic on a single day, but looks unmistakable over a year. That’s what a slow, steady risk off shift looks like.
BTC’s weekly structure makes it even clearer. Price losing the 50 week moving average, RSI rolling over, momentum drifting from controlled strength into sloppy weakness, that’s not a blow off top, it’s a market that ran ahead of the macro backdrop and is now slipping back to meet it. When you see volatility rising into downside, you’re not watching people sell because they suddenly hate Bitcoin; you’re watching crowded leverage unwind in real time.
And the BTC monthly chart seals it. A 20% drawdown with a near vertical drop tells you there was too much leverage leaning in one direction, and the moment macro wobbled without injecting liquidity, velocity cooling, that positioning got flushed.
What It All Means Together
The takeaway is that crypto priced in the idea of easier liquidity long before liquidity actually arrived. Markets traded the story, not the reality. And now the reality is catching up.
Money is still expensive. Activity is slowing. Liquidity exists in the system, sure but it’s sitting in T-bills and money markets, not chasing beta. Until the real economy actually feels the effects of rate cuts and easier conditions which historically takes quarters, not weeks every rally is going to feel heavy, and every air pocket is going to hit harder than it should.
This is a market adjusting back to the world it’s actually in, not the one it hoped would show up overnight.
Highly recommend giving @levenson_david
a follow.
tweet
The Charts Are Saying One Thing: Crypto Front Loaded a Liquidity Story That Hasn’t Arrived Yet
If you zoom out and look at all of these side by side, there’s a single story running through them: the air is slowly coming out of a market that ran too far, too fast, on a narrative that hasn’t materialized yet.
SOL and XRP both tell you the same thing in different shapes. They each had their big run, sentiment got loud, and then the bid faded. The rallies over the last few months weren’t new demand, they were aftershocks. Every bounce has been weaker than the last, and the market caps have been grinding lower in that way that doesn’t look dramatic on a single day, but looks unmistakable over a year. That’s what a slow, steady risk off shift looks like.
BTC’s weekly structure makes it even clearer. Price losing the 50 week moving average, RSI rolling over, momentum drifting from controlled strength into sloppy weakness, that’s not a blow off top, it’s a market that ran ahead of the macro backdrop and is now slipping back to meet it. When you see volatility rising into downside, you’re not watching people sell because they suddenly hate Bitcoin; you’re watching crowded leverage unwind in real time.
And the BTC monthly chart seals it. A 20% drawdown with a near vertical drop tells you there was too much leverage leaning in one direction, and the moment macro wobbled without injecting liquidity, velocity cooling, that positioning got flushed.
What It All Means Together
The takeaway is that crypto priced in the idea of easier liquidity long before liquidity actually arrived. Markets traded the story, not the reality. And now the reality is catching up.
Money is still expensive. Activity is slowing. Liquidity exists in the system, sure but it’s sitting in T-bills and money markets, not chasing beta. Until the real economy actually feels the effects of rate cuts and easier conditions which historically takes quarters, not weeks every rally is going to feel heavy, and every air pocket is going to hit harder than it should.
This is a market adjusting back to the world it’s actually in, not the one it hoped would show up overnight.
Highly recommend giving @levenson_david
a follow.
https://t.co/2MAdCZxL4t tweet