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2025 In Disguise? The Same Setup, The Same Squeeze

It’s déjà vu all over again

We’ve seen this movie before. Violent selloff, positioning collapse, then a face-ripping rally fueled by liquidity and re-leveraging. From hedge funds to CTAs, the setup looks eerily similar to 2025—and if that analogy holds, this move may be far from over.

The velocity of the ascent