In this episode of The Milk Road Show, Jamie Coutts breaks down the warning signals that flashed before the recent Bitcoin top, the capitulation metrics forming now, and what a true bottoming process actually looks like. From bearish momentum divergence to liquidity dynamics and collapsing altcoin breadth, we unpack the data behind the drawdown. But the bigger story is structural. Liquidity is no longer flowing the way it did in previous cycles. Instead of pure QE boosting financial assets, capital is moving toward the productive economy, AI, re-industrialization, and bank-driven credit expansion.
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