THIS CRYPTO CRASH IS WORSE THAN FTX AND NOBODY IS PAYING ATTENTION.
Since Oct 10, when Trump announced 100% tariffs on all Chinese imports, crypto has lost nearly $2T in total market cap.
Bitcoin is now -45% from ATH.
In raw dollars, this already exceeds the total damage from FTX.
But here’s the part that should worry you:
In 2022, the crash had a clear chain: • Terra/LUNA: -$50B • 3AC: collapsed • BlockFi/Voyager/Celsius: bankrupt • Genesis: followed • FTX: final blow
Each domino was visible. Each failure had a name.
This time, there are no dominoes.
No major protocol failure. No exchange insolvency. No lender freezing withdrawals.
The market simply bled ~$2T without a single obvious systemic event.
That’s not normal.
WHY THIS IS MORE DANGEROUS
In 2022, the cascade was fast: Terra blew up in May, FTX in Nov — ~6 months start to finish.
This drawdown is slower, structural, and driven by forces outside crypto:
• Tariff-driven macro shock • Derivatives-driven unwinds (institutional positioning) • Global risk-off flows hitting all volatile assets
When a crash has no internal catalyst, the pressure is external and ongoing.
There’s no single event to “recover from.”
THE MISSING BLACK SWAN
Every major cycle ends with a systemic blowup: 2014: Mt. Gox 2018: ICO implosion 2022: FTX
This cycle hasn’t had that moment yet.
Two outcomes: Macro becomes the black swan: tariffs escalate, liquidity tightens, prolonged bear — no dramatic event. The slow bleed exposes a hidden break: a fund/protocol/stablecoin that looks fine at $100K BTC cracks at $60K.
Either way, downside risk likely isn’t done.
PUTTING IT TOGETHER
• ~$2T wiped in ~4 months • No internal failure yet → catalyst may still be ahead • Pressure is structural (macro + derivatives), not one-off • Historically, cycles end with a capitulation event — and we haven’t seen it • Until macro stabilizes OR hidden risk surfaces + resolves, sustained recovery is unlikely $BTC $ETH $BNB #jibonbroz #WhaleDeRiskETH #GoldSilverRally #BinanceBitcoinSAFUFund
A rising global money supply acts as a rising floor for Bitcoin. Each wave of liquidity expansion increases the amount of capital that must be absorbed, making lower prices progressively harder to sustain over time.
Bitcoin’s supply is fixed, transparent, and immune to discretionary issuance. At the same time, it is globally accessible and liquid, allowing it to absorb monetary expansion from all fiat systems simultaneously.
Bitcoin doesn’t need one currency to fail. It benefits incrementally from all of them.