# Market tops

**Published by:** [m78cs4](https://paragraph.com/@m78cs4/)
**Published on:** 2022-07-22
**URL:** https://paragraph.com/@m78cs4/market-tops

## Content

Market tops almost always coincide with peak retail mania By most retail indicators we should have topped May 2021 What should have been a dead cat bounce resulted in new ATHs in Q4 2022 In hindsight, likely driven by hidden institutional leverage (3AC, Celsius, Babel, etc)

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