A sudden, massive liquidation wiped out billions in leveraged bets and crushed altcoin open interest, leaving traders focused on capital preservation and a slow, choppy recovery rather than a quick V-shaped rebound. With a rare CPI print dominating the economic outlook and major institutional moves in Asia—plus tension over private stablecoins vs. China’s CBDC—the episode contrasts cycle-driven and geopolitical views shaping crypto’s path forward.Subscribe to our daily Free Crypto Newsletter: https://crypto.report