2
I came across some analysis this morning that cut through the usual stream of charts and market takes with a stark claim: there is “almost no cash on the sidelines.”
If true, it challenges one of the most persistent assumptions in both crypto and traditional markets, that a wall of idle capital is waiting to rotate into risk assets like Bitcoin and equities.
Cash is supposed to be the safety valve, the dry powder that fuels the next leg up after a pullback. When investors believe there is abundant…
No one has cash to “buy the dip” but $7.7T could rotate into Bitcoin if prices stay beaten down