John Gillen joined the show to break down why Bitcoin's recent rally might have been driven more by leverage and speculation than real spot demand. Crypto liquidations are accelerating. And a pullback toward $70K is still very much on the table. But underneath the short-term fear? A much bigger macro story is quietly developing. The noise is in the price action. The signal is in the structure. And the structure is telling a different story than the panic posts on Crypto Twitter.
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