🚨 U.S. Layoffs in Nov 2025: 71,321 🔻 -53% vs Oct 🔺 +24% vs Nov ‘24 📈 YTD cuts: 1.17M — highest since 2020 Top sectors hit: • Govt (308K) • Tech (154K) • Retail (92K) • Warehousing (93K) 📉 Hiring plans down 35% YoY — weakest since 2010.

🚨 U.S. Layoffs in Nov 2025: 71,321 🔻 -53% vs Oct 🔺 +24% vs Nov ‘24 📈 YTD cuts: 1.17M — highest since 2020 Top sectors hit: • Govt (308K) • Tech (154K) • Retail (92K) • Warehousing (93K) 📉 Hiring plans down 35% YoY — weakest since 2010.

Why are Alts strengthening while BTC dumps? Alts are showing clear relative strength, a rare dynamic during BTC capitulation. Many Alts are only –5% while BTC is falling hard, in a normal capitulation they'd be –10% or –15%. Two forces explain it: flows are still entering

The current Risk-Off phase did its job: flush, stabilize, reset expectations. Now macro sensitivity is turning and liquidity stress is easing — classic signals that the regime is preparing to exit fragility and move back toward liquidity stability, where cleaner trend structures

The strength in Alts during this last week has been unusual. $BTC even developed negative impulse on its decline from $105K to $90K… yet alts? $WIF is the clearest example of relative strength, refusing to drop more than BTC and essentially holding its ground.

We are getting close to an over extended Risk Off environment. Key here is to track DXY and Bonds which have not move in a way consistent with flight to safety. What we are seeing is more consistent with repositioning and rebalancing

Bear Trap, Bull Run, or Blow Off Top? Where Is The Market Going Next w/ @Negentropic_ The Fed just ended QT and injected $50B into the repo market. Markets are melting up. But under the hood, the economy is cracking. Yann explains the signals in liquidity, credit cycles, and

Let's put it this way: A bear shift doesn’t begin when fundamentals are strong, quite the opposite. A true end-of-cycle starts with declining liquidity, weakening network growth, and fading on-chain vitality. So, bear market and end of cycle? Not yet. Bitcoin’s fundamentals

The Risk-Off Signal has entered a High-Risk Regime, indicating not only rising selling pressure but also that we’re standing at the threshold of a bear shift. A simple transition into high risk isn’t enough to confirm that BTC is being dragged into bear territory; what matters

We are at a major 🔴 Risk Off to 🟢Risk On shift across all major assets. Below you have an index that tracks capital flows between all major asset classes. Here we bench mark against $btc, the canary in the coal mine for risk on liquidity flows.

We are about to see a major next leg up like we saw exactly one year ago.

Has Bitcoin bottomed? Bitcoin is preparing to retake the $110K zone, a key battleground that could decide whether a bottom is forming, or just another trap on the road. The bottoming process is never linear, it’s a path filled with retests and shakeouts that test conviction 🧵

$ETH has been rebuilding its structure. Spot volume is rising, open interest keeps falling. That’s real demand replacing leverage: fewer traders, stronger hands. Not the bottom yet, but the recovery is taking shape.

The SOFR–EFFR spread is quietly flashing one of the biggest structural warnings since 2019. Liquidity is tightening fast. Banks are running low on reserves. And the system is one shock away from breaking again. This isn’t noise — it’s a regime change. 🧵 to explain:

Bitcoin, what is the plan? $BTC faces a decisive week. On-chain strength is at its best shape of the year: liquidity rising, holders steady. Solid Fundamentals The target: reclaim $113.4K–$115.4K with strength and volume for a full bullish reversal. You don’t get a bear market

Bitcoin thrives in that transition — the bridge between tight liquidity and expected easing. As funding markets strain, liquidity expectations rise. As expectations rise, capital rotates toward hard, non-sovereign assets. It’s not the easing itself — it’s the anticipation of it

But here’s the paradox — this phase is often bullish for risk assets. When markets sense the end of QT and start anticipating the return of liquidity (QE, rate cuts, balance sheet expansion), they begin to price in future easing before it happens. That anticipation phase is

The SOFR–EFFR spread is quietly flashing one of the biggest structural warnings since 2019. Liquidity is tightening fast. Banks are running low on reserves. And the system is one shock away from breaking again. This isn’t noise — it’s a regime change. 🧵 to explain:

Bitcoin Liquidity is showing the shift in macro tides

BTC Liquidity is rising again for the first time since July. Capital is re-entering the system — and it’s flowing into Bitcoin. Historically, this setup has preceded both major breakouts and the onset of Alt-season. Short at your own discretion.