Here’s how this plays out in the broader market: margin calls trigger increased selling, increased selling turns into oversold markets, and oversold markets turn into major market crashes.
This is not an indication that the bottom has been reached. This is most likely a sign of what’s to come in the global capital markets.
Here’s a quick recap:
- $2 trillion in crypto market cap … GONE
- $10 trillion in aggregate equity market cap … GONE
We do not own any crypto right now, and when we did, it was in an ETF, and we were quick to take profits.
REALITY CHECK: If you’ve been following Ivory Hill, you know that our proprietary quant-based indicator flipped red in January when we moved our clients to 60%-70% cash.
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