X @Ansem

RT Capital Flows (@Globalflows)Here is the thing about Bitcoin and crypto: When you financialize an asset, you begin to take out the volatility. The ranges compress, the leverage provision via options helps smooth the oscillations, and there are a lot more players to absorb changes in liquidityThis is WHY we are just seeing a slow grind down without a mega candle of capitulationIf you want institutional adoption, then you need to deal with the slow grindWelcome to global macro ...