šØ DXY CRASH TRIGGERING CRYPTO VOLATILITY! šØ
The massive 3% drop in the $DXY dollar index is slamming risk assets right now. This isn't a technical failure in crypto, it's pure macro contagion. Leverage is getting flushed as liquidity tightens.
⢠$DXY weakness = Crypto weakness until stabilization.
⢠Expect continued sharp swings until the Dollar Index cools off.
⢠Macro risk remains high for all crypto assets.
Stay defensive until the $DXY finds a floor.