We're past the point where this is just another crypto dip. What we're watching unfold is a reckoning around the actual cost of capital—something the market conveniently ignored when money was practically free.

The widow maker trade? Yeah, it's back. And it's collecting debts.

This isn't the time for hero plays or averaging down on hopium. Markets that forgot rates matter are getting schooled hard. If you're still positioned like it's 2021, you're about to learn an expensive lesson.

Reassess your exposure. Trim leverage. Respect the macro shift. Capital has a price again, and denial won't change that.