You hear it repeatedly: reflexivity matters, and frankly, most traders miss it completely.

Here's what's actually happening—the barriers keeping capital contained between asset classes have essentially vanished. Money flows at speeds we've never seen before. Bitcoin rallies? Capital floods in from equity markets. Altseason kicks off? Liquidity rotates from stables in seconds. This isn't just operational efficiency; it reshapes how markets react.

When assets become this interconnected, price discovery accelerates but volatility spikes harder too. A move in one corner ripples across everything else faster than ever. The old playbooks about isolated markets? Obsolete. You need to account for how capital behaves when the friction between ecosystems drops to near-zero. That's where real edge lives—understanding not just what moves, but how the speed of those movements cascades through the entire system.