In summary

There is a large divergence between gold and Bitcoin.

BTC holdings on exchanges remain at record lows.

Stablecoin minting is increasing; some MMs such as Wintermute have minted USDC and sent it to exchanges (they are up to something).

Global liquidity continues to rise.

- If BTC rises +20%, 20B in shorts will be liquidated.

- If ETH rises +27%, 10B in shorts will be liquidated.

Add to this the Altcoins.

A drop to try to fill that big gap left by Black Friday was expected, so I'm positioned here