Said on Nov 11, 2025, at 18:09 in the video.
“So, there's a possibility that the stress signal shows up in Bitcoin before it shows up in the rest of the market, which means the rest of the market could eventually follow.”The direction of this call could not be determined with confidence, so it is held out of the score.
The direction of this call could not be determined with confidence, so it is held out of the score.
hitting a stress point. Like have you seen the jobs report lately? Not looking good. Have you seen the AI valuations? Not looking good. So every time in history when liquidity stress shows up, risk assets don't like it. So this theory says that Bitcoin didn't go down because some magic line that's drawn on charts somewhere. It went down because Bitcoin happens to be what people say is the canary in the coal mine. It's the first one to be affected because it is the easiest thing to sell. So, it reacts first. So, there's a possibility that the stress signal shows up in Bitcoin before it shows up in the rest of the market, which means the rest of the market could eventually follow. So, that is one of the macro theories. I'll probably put you to sleep if I told you about the other ones, but just briefly mentioning them. Other theories for why Bitcoin is going down is Bitcoin is having its IPO moment, right? Early investors are selling it because it's the first time they can sell without crashing the market. There's people among us that have billions of dollars in Bitcoin alone. They're finally exiting those positions. There's even a theory about Bitcoin's core dev team changing something
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