The Credit Cycle and Macro Liquidity are NOT contracting, but Bitcoin can keep falling 🧵 (opens in new tab)

The Credit Cycle and Macro Liquidity are NOT contracting, but Bitcoin can keep falling 🧵 Capital is setting the stage to move even further out the risk curve, but the current rotation is confusing people about the next leg higher in equities We want to see people misinterpret liquidity because they will be the forced buyers in the next leg higher. Here is the full breakdown 👇First, just recognize that popular narratives around "Liquidity contracting" do not account for the sheer size of credi...