🚨 THE SYSTEM IS BREAKING DOWN Gold: FALLING Silver: FALLING S&P 500: FALLING Bitcoin: FALLING And things could seriously worsen before they improve... We are witnessing live the explosion of the 'everything' bubble. The S&P 500 is trading at the highest valuation multiples in history. 👉 Higher than in 1929 and 2000. A return to the mean under these conditions is terrifying but logical. But the real story is the metals. 👉 Gold and silver are not falling because they have no value. 👉 They are falling because the system is starving for liquidity. In a real margin call event, funds do not sell what they want to sell. 👉 They sell what they can sell. Gold and silver are: liquid profitable for many players 👉 They thus become the first piggy bank we break when margin calls come in. THIS IS A LIQUIDITY CRISIS. History shows us that during a deflationary crash (like in 2008 or March 2020), 👉 metals are first dragged down with stocks. 📌 The real bottom signal is when: the selling of metals stops, but stocks continue to fall. 👉 That’s when the bottom forms. Until then: cash is king, deleveraging will be BRUTAL. As I have always said, ~7 000 points is probably the peak of the S&P 500, and I anticipate a drop of 10 to 15% from here, or even more.
BTC/USD – Weekly Update (1W) We are currently positioned on the 100 EMA on a weekly basis, exactly at the same level that capped the price in 2022, just before a massive dump. 👉 If the pattern repeats and the price fails to move above the 100 EMA, then the preferred scenario remains: → continuation of the decline on Bitcoin. The structure remains fragile, selling pressure dominates, and the risk is clearly oriented downwards. 📉 We are going lower.