A short conversational clip from the YouTube video "Hedging vs Speculation" (recorded Nov 30, 2025) where Kosta Ouzas and another speaker analyze market liquidity dynamics and trading behavior. They discuss large "3x" leveraged liquidity pools, how the market is "chipping away at the top 3x," and implications for the final upward leg after a 70k rally.
What it looks like right here is that it's preparing to finish that last leg up. Because when you look at it on just a 3X, you see, it's actually. It hasn't come for the bottom 3x yet. It's actually chipping away at the top 3x. And like you said, right, you can't do two things at once. And what it's actually been doing since that 70k rally is being chipping away at that top liquidity.
So we have these two gigantic pools of 3x liquidity that has been building. And the market, once it clears this out, then it'll come for that.
