This is the total cryptocurrency marketcap with wrapped bitcoin and stablecoins removed. (MIM and BUSD marketcap were not available so substituted mcap of AVAX and XLM)
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Well I was correct about the 33% drop I predicted in March 2022 on my Twitter.
I am expecting another 50% drop in TOTALSHIT marketcap.
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I should not have removed UST from the calculations when I created this indicator, because now this thing didn't factor in the $10+ billion collapse of the UST "stablecoin."