Today's dip in the crypto market was actually signaled by UNI first. If you look closely, UNI was already struggling a bit last night. This is also something I mentioned in my October 3rd tweet last Saturday—between late September and late October, bank reserves (the core of USD liquidity) are tightening, and they'll gradually recover after November. So overall, liquidity in October is relatively tight. When liquidity is tight, it naturally puts pressure on assets sensitive to liquidity like Bitcoin and crypto. My overall view on this wave of adjustments: it's a normal correction within the larger upward trend. For the detailed logic, you can check the referenced tweet where I discussed it in depth. I had grok organize my past tweets about liquidity, Bitcoin, crypto, and their correlation with U.S. stocks: https://(x.com)/i/grok/share/9e2f1e5b82df4dc7a2a366467aa007ea