OIL JUST CRASHED 4% IN A SINGLE CANDLE. That chart is not a typo. WTI Crude went from $98 to $94.75 almost vertically. Here is why this matters way beyond the oil market. When oil drops this fast this suddenly it is not a supply story. It is a DEMAND story. The market is pricing in a global economic slowdown in real time. Less economic activity means less energy consumption means lower oil prices. And when the world's most important commodity starts pricing in recession the rest of the market tends to follow. Crypto included. This is the kind of macro move that quietly explains why BTC cannot get above $70K. Why altcoins are bleeding with no obvious catalyst. Why every rally attempt gets sold into before it even gets started. The charts do not lie. Something is breaking in the macro picture right now and most people are staring at crypto charts trying to figure out why nothing is pumping. Look at oil. The answer is right there.(CyrilXBT)