Been mulling over what Ansem said recently (https://x.com/blknoiz06/status/1970050545823171061). I think there are multiple signs pointing towards general exhaustion within the crypto markets.
Touching grass for the past 2 weeks has allowed me to keep a clear head, and when I return to bid the biggest liquidation flush of the year only for my positions to continue bleeding lower, it is a huge warning sign to me. In 80% of cases those liq bids would've been profitable after some form of flush recovery but in the 20% of the times they are not, it heavily exposes the lack of marginal buyers in this market left.
I suspect we continue decorrelating from broader risk on markets and start losing key levels for majors soon. Looking at 100k BTC