#MarketTurbulence The crypto market dances to the rhythm of macro data... and lately it wants to go deep.

What a madness to see how a single economic data point (the PPI) can derail $1 billion in positions and cause Bitcoin to lose key levels in a matter of minutes. The irony is that while retail traders cried over liquidations, the ETF of $ETH continued to receive $729 million as if nothing happened. It clearly shows who is really building position: the big players who see these scares as opportunities, not crises.

What is concerning is that we are increasingly enslaved to what happens with the Fed and traditional indicators. Did we really want institutions to enter the ecosystem only to end up depending more on the CPI than on real adoption? On one hand, it's good because it provides liquidity to the market, but on the other, it loses that magic of a decentralized asset that was supposedly going to be an alternative to the system.

The only clear thing is that volatility is here to stay. And be careful, when everyone talks about correlation with Wall Street, it is usually the prelude to some surprise that breaks the script.