My quick note on the market situation ↓
$BTC is ~50% off ATH.
Most alts are down 60–90%.
Reasons:
1. Macro hit
Tariff headlines are back.
Feb 24 is the date to watch.
2. US–Iran tension is rising
That keeps oil and risk assets jumpy and adds to the risk-off mood.
3. People are selling onchain
Whales are depositing to CEXs.
Short-term holders are selling at a loss.
4. Leverage got wiped
Liquidations spiked as BTC broke the mid-64Ks.
5. DeFi is feeling it too
Total DeFi TVL is down 17.5% in 30 days: $119B → $98.5B
DEX volume is down hard on the day, around ~40%.
Meanwhile, MVRV Z-score is around