$SHIB This morning I made one point about this: money is taking shelter in risk-free assets, and when that logic applies to it, it means a slow bleed. Now let me spell it out a bit more.

The macro drama isn’t over this week: Treasury yields are still elevated, and money isn’t willing to take risks. The more volatile an asset is, the sooner it gets hit. $SHIB At this price, with volume shrinking, hovering near the 7-day low, and exactly 30% below where it was six months ago, it’s no longer that little dog that would trend with every move. Now it’s more like an elastic band nobody’s watching.

What I hate most is when everyone rushes to bet on the direction before the data comes out: betting on the data rarely ends well. If it’s going to move, wait for the numbers to come out and for Treasuries to show their hand first, then talk about whether this coin can catch its breath.

Holding back here is harder than chasing a move up or down, and it’s worth it. Retail traders are most likely to get killed by trying to react faster than the data; in reality, being quick to run doesn’t count as winning either. $SHIB