Crypto Crash Is A Forced Crypto Seller Unwind, Glassnode Co-Founders Claim — TradingView News
Glassnode co-founders Jan Happel and Yann Allemann, who publish under the @Negentropic handle on X, argue that the current crypto crash is being driven not by a broad narrative turn, but by a single, systematic source of sell pressure whose footprint is most visible in Bitcoin and is spilling into the wider complex. Their core assertion is categorical: “What’s happening in Bitcoin right now isn’t a narrative shift: it’s a mechanical unwind.” In that framing, the tape is reflecting the forced exit of one participant rather than an organic repricing of crypto risk.
Why Is The Crypto Market Crashing?
Negentropic’s thesis starts with momentum indicators behaving in ways they say are inconsistent with “natural markets.” They…
