Markets are crashing because nobody knows what to price anymore In the last 24 hours: • $2.03T wiped from US stocks • $130B wiped from crypto • $1.5B in crypto longs liquidated • S&P 500 ( $SPX) suffered its biggest intraday loss in 4 months • $BTC broke below $60K 2 weeks ago, the market was asking: "When do we get the peace deal?" Now: • How long will the war last? • Is Saylor going to sell more? • How much pain can treasury companies absorb? That's the narrative shift. The most important chart right now is stablecoin dominance because capital isn't leaving yet. When everyone is waiting for clarity, markets usually force one final move before finding a bottom. The question is: Will that come from more panic or a peace deal?
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