{"id":70081,"date":"2026-01-30T16:31:39","date_gmt":"2026-01-30T16:31:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=70081"},"modified":"2026-01-30T16:31:39","modified_gmt":"2026-01-30T16:31:39","slug":"raoul-pal-bitcoins-thesis-has-not-changed-even-after-october-liquidation-cascade","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=70081","title":{"rendered":"Raoul Pal: Bitcoin&#8217;s Thesis Has Not Changed, Even After October Liquidation Cascade"},"content":{"rendered":"<div>\n<p>According to macro guru <strong>Raoul Pal<\/strong>, October&#8217;s crypto crash marked a structural liquidity failure that changed how the market now trades but has not undermined the long-term <strong>Bitcoin<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) thesis.<\/p>\n<h2 class=\"wp-block-heading\">Structural Failure, Not Fundamental Breakdown<\/h2>\n<p>In an <a href=\"https:\/\/www.youtube.com\/watch?v=AoqmRWXOfHs&amp;t=3s\">interview<\/a> with trader Michael van de Poppe, Pal said liquidity evaporated as market-maker APIs failed and leverage, often underestimated by traders, triggered rapid, unavoidable liquidations through smart contracts.<\/p>\n<p>The Oct. 10 selloff was driven by market structure rather than fundamentals compared to past &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/01\/50271617\/raoul-pal-bitcoins-thesis-has-not-changed-even-after-october-liquidation-cascade?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Raoul\" pal: bitcoin thesis has not changed even after october liquidation cascade>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to macro guru Raoul Pal, October&#8217;s crypto crash marked a structural liquidity failure that changed how the market now trades but has not undermined the long-term Bitcoin (CRYPTO: BTC) thesis. Structural Failure, Not Fundamental Breakdown In an interview with trader Michael van de Poppe, Pal said liquidity evaporated as market-maker APIs failed and leverage, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-70081","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70081"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70081\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}