Market Milestones: Bearer of Bear News
Liquidity is drying up across markets after seven months of exuberance and straight-up bull moves. High-beta names and AI darlings have started cascading lower as rising concerns over debt loads and debt servicing push investors into risk-off positioning. Crypto—one of the most liquidity-sensitive asset classes on earth—has been getting obliterated since the October 4th peak, with capital flight accelerating as U.S. Dollar liquidity tightens and markets reprice rapidly.











