THIS JUST FLASHED THE SAME SIGNAL AS THE 2022 BOTTOM 👀
We’ve only seen this setup twice.
The 60-day $USDT market cap change has now dropped below -$3B, a level last hit in late 2022 right as Bitcoin carved its cycle bottom near $16K. That was peak fear and forced deleveraging.
Now it’s happening again with
$BTC still sitting in the mid-$60Ks after a prior ATH run.
On the daily side, we’ve also seen multiple -$1B+ $USDT outflow days. Historically, moves of this size tend to cluster around local exhaustion points or high-volatility flushes, not the clean start of prolonged bear legs.
From a liq