#RiskAssetsMarketShock 🚨 WHY BITCOIN KEEPS DUMPING — AND WHY THIS ISN’T “NORMAL”

If you still think Bitcoin trades like a clean, supply-and-demand asset, you’re already behind the curve.

What’s happening right now isn’t fear, weak hands, or retail panic.🚨 WHY BITCOIN KEEPS DUMPING — AND WHY THIS ISN’T “NORMAL”

If you still think Bitcoin trades like a clean, supply-and-demand asset, you’re already behind the curve.

What’s happening right now isn’t fear, weak hands, or retail panic. This is structural. Mechanical. Engineered.

And it didn’t start yesterday.

For months, pressure has been quietly building beneath the surface. Now it’s spilling into price — fast.

Here’s the uncomfortable truth:

the moment supply can be synthetically created, scarcity dies.

Not on-chain.

In price discovery — the only place that actually matters.

Bitcoin crossed that line the second derivatives became dominant.

Cash-settled futures.

Perpetual swaps.

Options.

ETFs.

Prime broker lending.

Wrapped BTC.

Total return swaps.

That stack didn’t “add liquidity.”

It replaced the original market.

Bitcoin was built on two pillars:

• A hard cap of 21 million

• No rehypothecation

Both collapsed once Wall Street layered paper claims on top of real coins.

Enter the Synthetic Float Ratio.

When synthetic supply overwhelms real supply, price stops responding to adoption or demand. It starts responding to positioning, hedging, and liquidations.

This is the same structural break that already happened to gold, silver, oil, and equities once derivatives took over.

From that point on, the playbook is always the same:

1. Manufacture unlimited paper supply

2. Short into strength

3. Trigger liquidations

4. Cover lower

5. Repeat

This isn’t speculation.

It’s inventory manufacturing.

One real BTC can now simultaneously back:

• An ETF share

• A futures contract

• A perpetual swap

• An options delta

• A broker loan

• A structured note

Six claims. One coin. Same time.

That’s not a free market.

That’s a fractional-reserve price system wearing a Bitcoin costume.

Ignore it if you want.

But don’t confuse manipulation with “price discovery.”

And don’t say nobody warned you.

I’ve been calling Bitcoin tops and bottoms for over a decade.

I’ll do it again in 2026. This is structural. Mechanical. Engineered.

And it didn’t start yesterday.

For months, pressure has been quietly building beneath the surface. Now it’s spilling into price — fast.

Here’s the uncomfortable truth:

the moment supply can be synthetically created, scarcity dies.

Not on-chain.

In price discovery — the only place that actually matters.

Bitcoin crossed that line the second derivatives became dominant.

Cash-settled futures.

Perpetual swaps.

Options.

ETFs.

Prime broker lending.

Wrapped BTC.

Total return swaps.

That stack didn’t “add liquidity.”

It replaced the original market.

Bitcoin was built on two pillars:

• A hard cap of 21 million

• No rehypothecation

Both collapsed once Wall Street layered paper claims on top of real coins.

Enter the Synthetic Float Ratio.

When synthetic supply overwhelms real supply, price stops responding to adoption or demand. It starts responding to positioning, hedging, and liquidations.

This is the same structural break that already happened to gold, silver, oil, and equities once derivatives took over.

From that point on, the playbook is always the same:

1. Manufacture unlimited paper supply

2. Short into strength

3. Trigger liquidations

4. Cover lower

5. Repeat

This isn’t speculation.

It’s inventory manufacturing.

One real BTC can now simultaneously back:

• An ETF share

• A futures contract

• A perpetual swap

• An options delta

• A broker loan

• A structured note

Six claims. One coin. Same time.

That’s not a free market.

That’s a fractional-reserve price system wearing a Bitcoin costume.

Ignore it if you want.

But don’t confuse manipulation with “price discovery.”

And don’t say nobody warned you.

I’ve been calling Bitcoin tops and bottom.. ms for over a decade.

I’ll do it again in 2026.