Crypto positioning is already washed out to levels we usually see at bottoms.

Equities? Still relatively crowded long.

Feels like crypto de-risked early thanks to Oct ‘25 wipeout, while equities are still pricing a soft landing. But if the energy shock narrative plays out – slower growth and sticky inflation – that complacency gets tested.

Crypto looks closer to “pain already priced,”
equities still have room to reprice risk.

If macro tightens, TradFi might be the next to catch up.
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〽️ Crypto Pulse 👉 @degendaoinfo #crypto