Q2 crypto bloodbath wasn't just "sell the news" — it's a full liquidity reset.
ETFs bleeding out. Stablecoins contracting. Strategy's debt machine cracking under pressure. Every major capital artery that pumped the last rally is now clogged.
But here's the flip:
Hyperliquid volume surging. RWA perps gaining traction. Tokenized equities quietly building.
This isn't the end. It's a rotation.
Market's not losing narrative — it's shedding legacy TradFi inflows and making room for onchain-native primitives and new asset classes.
Next leg up won't look like the last one. Position accordingly.
ETFs bleeding out. Stablecoins contracting. Strategy's debt machine cracking under pressure. Every major capital artery that pumped the last rally is now clogged.
But here's the flip:
Hyperliquid volume surging. RWA perps gaining traction. Tokenized equities quietly building.
This isn't the end. It's a rotation.
Market's not losing narrative — it's shedding legacy TradFi inflows and making room for onchain-native primitives and new asset classes.
Next leg up won't look like the last one. Position accordingly.