This wasn’t random. This wasn’t chaos. And it wasn’t about economics first.
Every major move follows the same script — and markets just faced Phase 1 again.
Step 1: Strategic announcement. Friday or weekend. Markets closed. Fear spreads. Positions can’t adjust. Small shock now, bigger threat later.
Step 2: Markets react mechanically. Margin hikes. Volatility triggers. Risk parity cuts exposure. Leverage collapses. Liquidity vanishes. BTC? Hits hardest — not digital gold, but high-beta risk 24/7.
Phase 2: Calming words. “Negotiations.” “Constructive.” “Temporary.” Volatility peaks, then falls.
Phase 3: Delay. Framework. Partial deal. “Historic agreement.” Uncertainty collapses. Markets rip higher.
China, Mexico, Canada, India — this cycle repeats. And now? Square Binance is next.
Today wasn’t about valuation.
It was forced deleveraging.
If the playbook holds? Markets recover… and trade above pre-dump levels.
Shock ✅
Negotiatio
