The Crypto exchanges weaved together into Blockchain ecosystems and Tethered assets could be about to completely crash.

Chart 1

Chart 2

The unregulated and overly complex web of crypto coins known as a blockchain ecosystem, weaved together with ad hoc processes of Tethering 'coins' to other crypto exchanges by keeping a closed trading position of a 'coin' without converting it back into U.S. Dollars.  Is essentially a virtual space of asset values that are used for colleterial and at the end if the day, the trader or holder of the virtual asset does not know if their crypto investment, after they sell a position, is backed by anything.  Except a promise from the exchanges that their transaction holds value.  

After Binance walked away rom the FTX bailout, probably in realizing that the crypto company had a massive debt hole, speculated to be between $6 and $10 Billion, that way surpassed its assets.  Which would also indicate, in lieu that a lot of these crypto are private companies  do not have to comply with regular audits, so therefor the market is unaware of the massive amount of debt these companies take on to propel in a very competitive financial landscape, for their expanse.  As mentioned, to weave into a network of Tethered crypto currencies.

Chart 1.  The systematic collapse of Bitcoin (BTC), overlaid by Dogecoin Binance and Coinbase (FTX coin), with combined loss of value since year-over-year over 100%, which is showing that this Tethered ecosystem of crypto has most probably used Bitcoin as colleterial.  Hence all these 'coins' being liquidated in tandem.

Chart 2.  Shows Bitcoin (BTC) was closing in all its 15000 price support, but  got cut a reprieve when the market supercharged into risk, namely the NASDAQ rise of 8% after the CPI came in lower than expectation/s, please refer to this post for CPI analysis.  15000 is still on. 

The concern is:  Could over 2 Trillion in virtual assets tied to cryptos completely crash?  Even more concerning is how a bailout of crypto would occur.  Central Banks again? 

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