I let Claude Fable 5 trade with a fresh crypto account.
In just 2 days:
Starting balance: $57
Current balance: $1203
Like + reply and I'll share exactly how I set it up.
Bitcoin has now lost major support.
This is exactly what I've been talking about over the past few days.
The $63,500 level was the last major support I was watching on the chart.
Up until now, price had been holding surprisingly well despite what I was seeing elsewhere in the market.
ETF flows were turning negative.
Open interest was falling.
Longs were taking profit.
Institutions were reducing exposure.
Now price is finally starting to catch up.
For me, this isn't really new information.
It's confirmation.
The market has been showing signs of weakness for a while, and now that weakness is appearing in the chart itself.
The big question from here is whether Bitcoin can reclaim $63,500 quickly.
Because if it can't, then support becomes resistance.
And that's usually when things start moving a lot faster.
This is why I said the real test was still ahead of us.
Three of the top five revenue-generating DEXs launched after 2022. The incumbents are getting quietly outrun.
Top Decentralized Exchanges by Q1 2026 Revenue
$HYPE : $214.95M
$UNI : $164.72M
$PUMP : $124.70M
$EDGEX : $40.30M
$AERO : $20.50M
$HYPE isn't just winning. It's printing $214M in a single quarter while $UNI trails at $164M.
That gap tells the entire story about where perps volume is concentrated right now.
$PUMP at $124M from a launchpad alone is quietly one of the most impressive revenue numbers in DeFi, zero trading pairs, pure creation.
Uniswap still holds strong at $164M across all of DEX trading globally. But the decentralized perps narrative is absolutely dominating revenue generation.
The market has spoken. Volume follows where leverage lives
𝘋𝘢𝘵𝘢: 𝘋𝘦𝘧𝘪𝘓𝘭𝘢𝘮𝘢
🚨 EVERYTHING THAT COULD GO WRONG FOR MARKETS WENT WRONG TODAY.
S&P 500 down -1.65%, wiping out $1.14 trillion.
Nasdaq down -2.60%, wiping out $1.11 trillion.
Gold down -3.38%, wiping out $1 trillion.
Silver down -6.9%, wiping out $280 billion.
Bitcoin down -6.31%, wiping out $80 billion.
In total $2.5 TRILLION wiped out in a single session. These were not isolated moves. Everything started breaking at the same time.
It started with the jobs report this morning.
The US economy added 172,000 jobs in May. Wall Street expected 88,000. That is almost double.
On any normal day, strong jobs is good news. But inflation is already at 3.8% and oil is sitting at $90. A labor market this strong tells the Fed it cannot cut interest rates and may actually need to raise them.
The probability of a rate hike this year went from 40% to 57% in a single day. That spooked every investor holding tech and growth stocks because higher rates mean those stocks are worth less today.
Then the AI trade started cracking.
Yesterday Broadcom reported record earnings: revenue up 48%, AI chip sales up 143% and the stock still crashed 12.6%. The reason was simple.
Broadcom did not raise its AI revenue targets for the year. Investors had expected it to. That single miss made people ask a question they had been avoiding for months: are we paying too much for AI stocks?
That question got louder today when a research firm called SemiAnalysis revealed that Nvidia's next-generation AI chips will need significantly less memory than everyone assumed, roughly half of what the market was pricing in.
Memory chips are what companies like SK Hynix and Samsung make. SK Hynix fell nearly 10% today. Samsung fell over 6%.
South Korea's entire stock market crashed 5.5% in a single session. Japan's semiconductor stocks did the same.
And then Anthropic added fuel to the fire by publishing a report warning that AI is getting close to the point where it can improve itself without human help and calling for a global pause in AI development.
Coming on the same day as the memory demand news and Broadcom's miss, it fed a single growing fear across the market: what if the AI boom is moving faster than the business models can keep up with?
Underneath all of this, there is a liquidity problem nobody is talking about.
SpaceX goes public next week at a $1.75 trillion valuation. Anthropic just filed to go public. OpenAI is next.
These three companies together are worth $4 to $5 trillion. Fund managers need cash to buy into these listings.
But cash levels are already at their lowest since early 2024. The only way to raise cash is to sell what they already own. That selling is happening right now.
The new Fed Chair Kevin Warsh will also hold his very first policy meeting in 11 days. He was appointed by Trump with the expectation of cutting rates.
He is now walking into a situation where inflation is high, oil is high, and the job market is running hot. Investors do not know what he will do.
When nobody knows what the most powerful central banker in the world will decide in less than two weeks, the safest move is to reduce risk today.
Everything that could go wrong, went wrong at the same time. A hot jobs report, a collapsing ceasefire, a crack in the AI trade, a trillion dollar liquidity drain, and a Fed meeting with no clear outcome.