Trade War Back on the Menu, Patience Is Warranted

Discussed in today’s video:

• Trump’s comments on China and the subsequent 100% tariff announcement triggered a broad risk-off move. Equities, crypto, and crude fell sharply while gold and bonds rallied.
• Crypto 24H liquidations reached $19.2B, the largest on record. Exchange dislocations, such as SOL trading $20 higher on Coinbase versus Binance, suggest one or more market maker failures.
• Historical precedent shows that major liquidation events are often followed by a period of consolidation, often with a short bounce before retesting lows.
• President Trump’s negotiating pattern indicates we are in the “go nuclear” stage.
• The broader macro backdrop remains supportive for crypto with a dovish Fed, a solid labor market, and improving liquidity, but patience is warranted until trade tensions ease.

Tickers in this video: BTC 0.35% SOL