@0x3sage.eth
What’s Actually Happening: Tariff Shock, Not Crypto Collapse: The Catalyst
• Trump announced 100% tariffs on China and new export controls.
• This reignited a full-scale trade war, leading to a macro risk-off.
• This is contagion from tradfi fear, not crypto fundamentals breaking down.
Critical Distinction:
• The 2022 cycle top saw the implosions of Luna, 3AC, and Celsius, as well as crypto-specific failures.
• Today, an external macro shock is hitting overleveraged positions.
• Onchain fundamentals remain intact, with no protocol failures or major hacks.
Smart Money Behaviour: NOT Panic
Selling
24-Hour Net Flows (Smart Traders & Funds):
Stablecoin Accumulation (Bullish Signal):
• USDT (BSC): +$5.1M net inflow
• USDC (Solana): +$586k net inflow
• USDC (HyperEVM): +$100k net inflow
What This Means: Smart money is moving to stablecoins to prepare for re-entry, not exiting crypto entirely.
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