CRYPTO JUST THREW A $300B CURVEBALL IN 20 DAYS

The market added and shed $300 billion in roughly three weeks — a reminder that volatility isn't slowing down. This kind of swing typically signals either panic capitulation or aggressive accumulation, depending on where you're positioned.

The speed matters here. When you lose that much value that fast, retail gets scared and institutions get hungry. It's the classic washout pattern we've seen before major moves.

What's concerning is the lack of conviction either direction. We're not seeing strong hodling behavior or aggressive buying — just back-and-forth liquidations. That suggests the next catalyst will determine everything.

Are we setting up for a relief bounce, or is this the start of something uglier?