The global market is currently as Risk Off as we where in April of this year. Crypto has particularly been shaken as we started with a idiosyncratic black swan that merged into a macro sell off, together with a drying up of liquidity during gov shutdown. If we where in a bear market, $btc would already be below $50k. With risk being repriced due to lack of certainty on rate cuts, and TGA drain starting today, the repositioning is likely coming to an end. The asymmetric move is to the upside(𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰)