Most people think crypto cycles are driven only by hype.

They’re not.
They’re driven by liquidity.
When global liquidity expands, risk assets rise.
Bitcoin moves first.
Then large caps.
Then mid caps.
And finally the craziest part of the cycle: memecoins.
Every cycle looks different on the surface, but the underlying engine is always the same.
Watch liquidity.
It tells you where the market is going long before the headlines do.
LT 💚