The Kobeissi Letter|Nov 16, 2025 21:38
What is happening in crypto?
Over the last 41 days, crypto has erased -1.1 trillion in market cap, or -27 billion PER DAY.
Crypto market cap is now ~10% BELOW levels seen during the record -19 billion liquidation on October 10th.
This is a structural move. Let us explain. (The Kobeissi Letter)
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