X @Joe Consorti

Bitcoin closed last week below its 50-week moving average. This has reliably signaled the flip from bull to bear and vice versa.That said, we've already seen two 30%+ drawdowns in the current bull.BTC isn't selling off in a vacuum. All risk assets are selling off right now.The Fed is slated to end QT and resume asset purchases on December 1st, in line with nominal GDP growth. This will likely be broadly supportive of risk sentiment and drive capital back out on the risk curve.If this is the case, and we're ...