My 2 sats…Bitcoin dumps hard initially (50-70%) in a liquidity crunch. Everything correlates to 1.0 when the selling starts.
But the policy response is what matters. Another housing crisis means extreme money printing since central banks are already boxed in. That’s when Bitcoin’s supply cap gets its real test.
Brutal drawdown first, then potential massive recovery when the printers turn on. March 2020 to late 2021 was exactly this pattern.
