$BTC I warned you all early—right before this selloff. But most people didn’t take it seriously, and now the crash is here. Bitcoin dropped to 68,000, and liquidations topped over $500 million in just a few hours. Many are still hoping this is only a temporary pullback, but they’re wrong. May ended the month in the red; before that, there were two straight months of gains. Since 2011, Bitcoin has never had a bullish streak of three consecutive months during a bear-market cycle. Similar situations occurred in 2012, 2014, 2018, and 2022—and now 2026 is here again. After every time this kind of move happens, a new bull market usually follows. But the macro picture is even worse: PPI has surged to 6%, the fastest growth rate since the pandemic, completely quashing expectations of rate cuts. Even worse, the stance of Federal Reserve Chair Waller is clearly hawkish: high interest rates will persist, and the balance sheet will continue to shrink. The 10-year Treasury yield has broken above 4.6%, and capital is fleeing risk assets. Spot ETF outflows have hit a new all-time high. Everyone is praying for a quick rebound, but they’re about to be gravely disappointed. This is the real start of the decline; by the time most people realize it, it will be too late. I’ve been fighting my way through the financial industry for 15 years. If I decide to fully exit, I will announce it publicly, as usual. Turn on notifications—if you haven’t followed me yet, you’ll realize later that this was a mistake.