US stock ETF funds are continuously flowing out, and non-ETF buying power is drying up. This fuel pile is getting a bit high—feels like something’s about to happen.

Wu Says he learned that Jiang Zhuo’er, the founder of the Laibite mining pool, posted a warning that the crypto market may be about to see a major move. He noted that, currently, US stock ETF funds have been continuing to flow out; Coinbase’s discount has fallen to the levels seen before the sharp declines at the end of January and the end of May, reflecting the severe exhaustion of non-ETF buyer liquidity. At the same time, the current market funding rate is positive and positions are at high levels, providing plenty of fuel for a chain of liquidations. These signals suggest the market may be about to experience significant volatility.