Cascade deepens
Macro stabilizes
Macro risk-off deleveraging drives the high-beta alt tail
Treasury yields
risk-off creeps
Fed inflation
CPI re-fear
Brent > $100
geopolitical
Thin place
spot near $78k · ETF outflows ~double
Leveraged long book
~70% longs · force liquidation → fuel
BTC spot liq
~$74M
Leveraged alt tail
~$305M forced liq · high-beta tail
DOGE −7.14%
vs BTC −0.66%
Macro stabilizes
fuel disappears
Cascade deepens
DOGE falls further