Short term pain • BoJ rate hike risk, last times meant 20 to 30% $BTC drawdowns • First CME death cross printed • Social interest down hard, volume collapsed • Liquidations everywhere, weak hands getting rinsed
What actually matters • JPMorgan accepts $BTC and $ETH as loan collateral • Banks and institutions pulling in hundreds of millions • Governments, sovereigns, and funds accumulating quietly • Crypto rails being rebuilt inside TradFi • Macro outlook says massive QE/liquidity in 2026
Short term is choppy = noise Long term adoption is accelerating = signal