The recent liquidity event wasn’t random. It was a reflection of structural weaknesses across both CeFi and DeFi ecosystems, a reminder that every bull market plants the seeds of its own correction. Let’s unpack what happened, what it means for the future, and how we can build stronger markets. 1. What Actually Happened Over the past few weeks, we’ve seen: Sharp declines in altcoin liquidity pools. Funding rates flip deeply negative. On-chain volume is drying up despite stable retail interest...